Shade Tree Advisors LLC Invests $970,000 in Putnam BDC Income ETF $PBDC

Shade Tree Advisors LLC acquired a new stake in Putnam BDC Income ETF (NYSEARCA:PBDC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 31,700 shares of the company’s stock, valued at approximately $970,000. Putnam BDC Income ETF makes up about 0.7% of Shade Tree Advisors LLC’s portfolio, making the stock its 10th biggest holding. Shade Tree Advisors LLC owned 0.38% of Putnam BDC Income ETF as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position in shares of Putnam BDC Income ETF by 60.4% during the second quarter. Raymond James Financial Inc. now owns 188,406 shares of the company’s stock worth $6,376,000 after buying an additional 70,913 shares during the period. Corient Private Wealth LLC grew its stake in shares of Putnam BDC Income ETF by 30.8% during the 2nd quarter. Corient Private Wealth LLC now owns 81,114 shares of the company’s stock worth $2,745,000 after acquiring an additional 19,086 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Putnam BDC Income ETF by 56.1% in the third quarter. Commonwealth Equity Services LLC now owns 159,933 shares of the company’s stock worth $5,083,000 after purchasing an additional 57,471 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Putnam BDC Income ETF by 20.1% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,128 shares of the company’s stock valued at $290,000 after purchasing an additional 1,528 shares in the last quarter. Finally, Pinion Investment Advisors LLC acquired a new stake in Putnam BDC Income ETF in the 3rd quarter valued at $577,000.

Putnam BDC Income ETF Price Performance

Putnam BDC Income ETF stock opened at $27.21 on Tuesday. Putnam BDC Income ETF has a one year low of $26.22 and a one year high of $35.18. The company has a market cap of $265.30 million, a price-to-earnings ratio of 10.61 and a beta of 0.55. The firm has a 50-day moving average of $27.47 and a 200-day moving average of $29.32.

Putnam BDC Income ETF Company Profile

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.