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

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) shares saw unusually-high trading volume on Monday . Approximately 14,313 shares traded hands during trading, a decline of 8% from the previous session’s volume of 15,574 shares.The stock last traded at $49.4440 and had previously closed at $49.37.

Putnam ESG Core Bond ETF Stock Up 0.1%

The business’s 50-day moving average price is $49.42 and its 200-day moving average price is $49.32.

Putnam ESG Core Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new stake in Putnam ESG Core Bond ETF in the third quarter worth $36,000. Flow Traders U.S. LLC acquired a new stake in Putnam ESG Core Bond ETF in the 3rd quarter worth approximately $1,303,000. Riverwater Partners LLC boosted its position in Putnam ESG Core Bond ETF by 63.9% during the second quarter. Riverwater Partners LLC now owns 51,178 shares of the company’s stock worth $2,506,000 after purchasing an additional 19,952 shares during the period. Susquehanna International Group LLP bought a new position in shares of Putnam ESG Core Bond ETF in the third quarter valued at approximately $10,145,000. Finally, Franklin Resources Inc. raised its holdings in Putnam ESG Core Bond ETF by 10.2% in the 2nd quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock worth $788,559,000 after acquiring an additional 1,492,438 shares during the period.

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.