Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Unusually-High Trading Volume – Still a Buy?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) shares saw strong trading volume on Monday . 9,588 shares were traded during trading, a decline of 22% from the previous session’s volume of 12,331 shares.The stock last traded at $49.3790 and had previously closed at $49.33.

Putnam ESG Core Bond ETF Stock Up 0.0%

The company has a 50 day moving average price of $49.44 and a 200 day moving average price of $49.28.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were given a dividend of $0.197 per share. This is a boost from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, December 19th.

Hedge Funds Weigh In On Putnam ESG Core Bond ETF

A number of hedge funds have recently made changes to their positions in PCRB. JPMorgan Chase & Co. purchased a new stake in Putnam ESG Core Bond ETF in the third quarter valued at approximately $36,000. Riverwater Partners LLC raised its holdings in shares of Putnam ESG Core Bond ETF by 9.3% in the 3rd quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock valued at $2,764,000 after buying an additional 4,773 shares during the period. Flow Traders U.S. LLC acquired a new position in Putnam ESG Core Bond ETF during the 3rd quarter worth about $1,303,000. Susquehanna International Group LLP purchased a new position in Putnam ESG Core Bond ETF during the 3rd quarter valued at about $10,145,000. Finally, Franklin Resources Inc. grew its position in Putnam ESG Core Bond ETF by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock valued at $838,643,000 after acquiring an additional 868,774 shares in the last quarter.

Putnam ESG Core Bond ETF Company Profile

The Putnam ESG Core Bond ETF (PCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund broadly invests in investment grade US fixed income securities that meet certain environmental, social and governance criteria on a sector-specific basis. The actively managed targets bonds with maturities of three years or more. PCRB was launched on Jan 19, 2023 and is managed by Putnam.