NewEdge Advisors LLC Purchases New Stake in Putnam BDC Income ETF $PBDC

NewEdge Advisors LLC acquired a new position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 66,469 shares of the company’s stock, valued at approximately $1,833,000. NewEdge Advisors LLC owned approximately 0.68% of Putnam BDC Income ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new position in Putnam BDC Income ETF during the fourth quarter worth $31,000. Encompass More Asset Management acquired a new stake in shares of Putnam BDC Income ETF in the 4th quarter worth $214,000. Focused Alpha LLC acquired a new stake in shares of Putnam BDC Income ETF in the 4th quarter worth $277,000. HighTower Advisors LLC purchased a new position in shares of Putnam BDC Income ETF during the 4th quarter worth $280,000. Finally, Mariner LLC purchased a new position in shares of Putnam BDC Income ETF during the 4th quarter worth $306,000.

Putnam BDC Income ETF Trading Down 1.2%

Shares of PBDC stock opened at $28.33 on Friday. The company’s 50-day moving average price is $27.00 and its 200-day moving average price is $27.53. The stock has a market cap of $303.98 million, a price-to-earnings ratio of 10.61 and a beta of 0.52. Putnam BDC Income ETF has a twelve month low of $25.94 and a twelve month high of $34.00.

Putnam BDC Income ETF 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.