Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Hits New 12-Month Low – Here’s What Happened

Putnam ESG Core Bond ETF (NYSEARCA:PCRB)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $47.44 and last traded at $47.5140, with a volume of 206 shares changing hands. The stock had previously closed at $49.96.

Putnam ESG Core Bond ETF Stock Performance

The company’s 50-day simple moving average is $49.47 and its 200-day simple moving average is $49.46.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be paid a dividend of $2.5169 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a yield of 63.7%. This is a boost from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its stake in shares of Putnam ESG Core Bond ETF by 65.8% during the fourth quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock worth $652,000 after acquiring an additional 5,249 shares during the period. Riverwater Partners LLC increased its position in Putnam ESG Core Bond ETF by 2.7% during the 4th quarter. Riverwater Partners LLC now owns 57,473 shares of the company’s stock worth $2,834,000 after purchasing an additional 1,522 shares during the period. Franklin Resources Inc. raised its stake in shares of Putnam ESG Core Bond ETF by 4.6% during the 4th quarter. Franklin Resources Inc. now owns 17,761,094 shares of the company’s stock worth $875,791,000 after buying an additional 786,230 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Putnam ESG Core Bond ETF during the 3rd quarter worth approximately $36,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Putnam ESG Core Bond ETF in the 3rd quarter valued at approximately $10,145,000.

About Putnam ESG Core Bond ETF

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.