Putnam BDC Income ETF (NYSEARCA:PBDC) Trading Up 1.8% – Here’s What Happened

Putnam BDC Income ETF (NYSEARCA:PBDC)’s stock price shot up 1.8% during trading on Monday . The company traded as high as $27.28 and last traded at $27.19. Approximately 146,840 shares traded hands during trading, an increase of 1% from the average session volume of 145,812 shares. The stock had previously closed at $26.72.

Putnam BDC Income ETF Stock Performance

The firm has a market capitalization of $267.35 million, a P/E ratio of 10.61 and a beta of 0.52. The firm’s 50-day moving average is $27.28 and its 200 day moving average is $28.37.

Institutional Trading of Putnam BDC Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of PBDC. RFG Advisory LLC grew its holdings in shares of Putnam BDC Income ETF by 1.0% during the first quarter. RFG Advisory LLC now owns 47,103 shares of the company’s stock worth $1,299,000 after buying an additional 464 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Putnam BDC Income ETF by 0.9% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 58,199 shares of the company’s stock valued at $1,850,000 after acquiring an additional 503 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in Putnam BDC Income ETF by 5.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 10,758 shares of the company’s stock worth $342,000 after acquiring an additional 595 shares during the last quarter. Apollon Wealth Management LLC boosted its position in Putnam BDC Income ETF by 1.9% during the 1st quarter. Apollon Wealth Management LLC now owns 44,022 shares of the company’s stock worth $1,214,000 after acquiring an additional 808 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC grew its stake in shares of Putnam BDC Income ETF by 1.0% during the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 88,299 shares of the company’s stock worth $2,806,000 after acquiring an additional 854 shares in the last quarter.

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.