Putnam BDC Income ETF (NYSEARCA:PBDC – Get Free Report)’s stock price rose 2% during mid-day trading on Wednesday. The stock traded as high as $26.94 and last traded at $26.68. Approximately 47,300 shares changed hands during trading, a decline of 62% from the average daily volume of 125,141 shares. The stock had previously closed at $26.15.
Putnam BDC Income ETF Stock Up 2.0%
The company has a market capitalization of $282.27 million, a P/E ratio of 13.09 and a beta of 0.62. The company’s 50-day simple moving average is $26.68 and its 200 day simple moving average is $27.43.
Hedge Funds Weigh In On Putnam BDC Income ETF
A number of institutional investors have recently modified their holdings of PBDC. Cetera Investment Advisers lifted its position in Putnam BDC Income ETF by 105.2% during the 1st quarter. Cetera Investment Advisers now owns 218,025 shares of the company’s stock worth $6,013,000 after acquiring an additional 111,763 shares during the last quarter. Prota Financial LLC increased its position in shares of Putnam BDC Income ETF by 4.6% during the third quarter. Prota Financial LLC now owns 204,758 shares of the company’s stock valued at $5,535,000 after purchasing an additional 9,067 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Putnam BDC Income ETF by 0.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 149,413 shares of the company’s stock valued at $4,066,000 after buying an additional 766 shares in the last quarter. Corient Private Wealth LP lifted its stake in Putnam BDC Income ETF by 31.5% during the second quarter. Corient Private Wealth LP now owns 108,912 shares of the company’s stock worth $2,963,000 after purchasing an additional 26,108 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Putnam BDC Income ETF by 16.0% in the 2nd quarter. NewEdge Advisors LLC now owns 77,124 shares of the company’s stock valued at $2,099,000 after buying an additional 10,655 shares in the last quarter.
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.
Further Reading
- Five stocks we like better than Putnam BDC Income ETF
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Putnam BDC Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam BDC Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
