HBK Sorce Advisory LLC Invests $541,000 in Putnam BDC Income ETF $PBDC

HBK Sorce Advisory LLC purchased a new stake in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 18,001 shares of the company’s stock, valued at approximately $541,000. HBK Sorce Advisory LLC owned approximately 0.24% of Putnam BDC Income ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PBDC. Raymond James Financial Inc. boosted its position in Putnam BDC Income ETF by 60.4% in the 2nd quarter. Raymond James Financial Inc. now owns 188,406 shares of the company’s stock valued at $6,376,000 after buying an additional 70,913 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in shares of Putnam BDC Income ETF in the second quarter worth about $1,435,000. Steward Partners Investment Advisory LLC boosted its holdings in Putnam BDC Income ETF by 60.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 96,475 shares of the company’s stock valued at $3,265,000 after purchasing an additional 36,444 shares during the last quarter. Condor Capital Management boosted its holdings in Putnam BDC Income ETF by 24.6% in the second quarter. Condor Capital Management now owns 159,241 shares of the company’s stock valued at $5,389,000 after purchasing an additional 31,458 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in Putnam BDC Income ETF by 30.8% during the 2nd quarter. Corient Private Wealth LLC now owns 81,115 shares of the company’s stock valued at $2,745,000 after purchasing an additional 19,087 shares in the last quarter.

Putnam BDC Income ETF Stock Up 0.6%

PBDC stock opened at $30.51 on Wednesday. The stock’s 50 day moving average is $30.77 and its two-hundred day moving average is $32.24. Putnam BDC Income ETF has a 52-week low of $27.85 and a 52-week high of $36.86. The company has a market capitalization of $244.08 million, a PE ratio of 10.61 and a beta of 0.58.

Putnam BDC Income ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 19th will be paid a $0.8251 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 10.8%. This is a boost from Putnam BDC Income ETF’s previous quarterly dividend of $0.82. The ex-dividend date is Friday, December 19th.

Putnam BDC Income ETF Profile

The Putnam BDC Income ETF (PBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies. PBDC was launched on Sep 29, 2022 and is managed by Putnam.