Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Hits New 12-Month Low – Here’s What Happened

Putnam ESG Core Bond ETF (NYSEARCA:PCRB)’s stock price reached a new 52-week low on Friday . The company traded as low as $46.46 and last traded at $46.46, with a volume of 84 shares traded. The stock had previously closed at $46.91.

Putnam ESG Core Bond ETF Stock Down 0.7%

The stock’s fifty day simple moving average is $48.83 and its two-hundred day simple moving average is $49.27.

Putnam ESG Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $2.5169 dividend. The ex-dividend date was Monday, March 2nd. This is an increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 65.0%.

Institutional Investors Weigh In On Putnam ESG Core Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in shares of 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 valued at $788,559,000 after purchasing an additional 1,492,438 shares in the last quarter. Riverwater Partners LLC increased its position in Putnam ESG Core Bond ETF by 9.3% during the 3rd quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock worth $2,764,000 after purchasing an additional 4,773 shares in the last quarter. Jane Street Group LLC increased its position in Putnam ESG Core Bond ETF by 65.8% during the 4th quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock worth $652,000 after purchasing an additional 5,249 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Putnam ESG Core Bond ETF in the third quarter valued at approximately $10,145,000. Finally, Flow Traders U.S. LLC purchased a new position in Putnam ESG Core Bond ETF in the third quarter valued at approximately $1,303,000.

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.