Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sets New 12-Month Low – Time to Sell?

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $46.40 and last traded at $46.40, with a volume of 10 shares changing hands. The stock had previously closed at $46.47.

Putnam ESG Core Bond ETF Stock Down 0.6%

The business’s fifty day simple moving average is $48.59 and its 200 day simple moving average is $49.20.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $2.5169 per share. This represents a c) dividend on an annualized basis and a dividend yield of 65.1%. The ex-dividend date was Monday, March 2nd. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PCRB. JPMorgan Chase & Co. bought a new position in Putnam ESG Core Bond ETF during the 3rd quarter worth $36,000. Jane Street Group LLC lifted its stake in Putnam ESG Core Bond ETF by 65.8% in the fourth quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock valued at $652,000 after buying an additional 5,249 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Putnam ESG Core Bond ETF in the third quarter valued at $1,303,000. Riverwater Partners LLC boosted its holdings in shares of Putnam ESG Core Bond ETF by 9.3% during the third quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock valued at $2,764,000 after acquiring an additional 4,773 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of Putnam ESG Core Bond ETF during the third quarter valued at $10,145,000.

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.