52,087 Shares in Putnam BDC Income ETF $PBDC Bought by Haven Private LLC

Haven Private LLC purchased a new position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52,087 shares of the company’s stock, valued at approximately $1,655,000.

Other hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in shares of Putnam BDC Income ETF in the second quarter worth about $29,000. Allspring Global Investments Holdings LLC increased its holdings in Putnam BDC Income ETF by 95.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the company’s stock worth $623,000 after buying an additional 9,000 shares during the period. D.A. Davidson & CO. raised its position in Putnam BDC Income ETF by 9.0% during the 2nd quarter. D.A. Davidson & CO. now owns 15,036 shares of the company’s stock worth $509,000 after buying an additional 1,245 shares during the last quarter. Prosperity Financial Group Inc. lifted its stake in Putnam BDC Income ETF by 8.5% during the 2nd quarter. Prosperity Financial Group Inc. now owns 48,530 shares of the company’s stock valued at $1,642,000 after acquiring an additional 3,810 shares during the period. Finally, 3EDGE Asset Management LP lifted its stake in Putnam BDC Income ETF by 4.8% during the 2nd quarter. 3EDGE Asset Management LP now owns 33,435 shares of the company’s stock valued at $1,131,000 after acquiring an additional 1,531 shares during the period.

Putnam BDC Income ETF Price Performance

NYSEARCA:PBDC opened at $29.44 on Thursday. The company’s fifty day moving average price is $30.62 and its 200-day moving average price is $31.47. Putnam BDC Income ETF has a 1-year low of $27.85 and a 1-year high of $36.86. The firm has a market capitalization of $246.71 million, a P/E 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 was paid on Wednesday, December 31st. Shareholders of record on Friday, December 19th were given a dividend of $0.8251 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $3.30 annualized dividend and a yield of 11.2%. This is an increase from Putnam BDC Income ETF’s previous quarterly dividend of $0.82.

About Putnam BDC Income ETF

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.