Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Hits New 12-Month Low – Should You Sell?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.02 and last traded at $47.07, with a volume of 40871 shares. The stock had previously closed at $47.13.

Putnam ESG Core Bond ETF Stock Down 0.3%

The business’s fifty day simple moving average is $49.17 and its 200 day simple moving average is $49.38.

Putnam ESG Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $2.5169 dividend. This represents a c) dividend on an annualized basis and a yield of 64.1%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Putnam ESG Core Bond ETF in the third quarter valued at approximately $36,000. Jane Street Group LLC lifted its holdings in shares of Putnam ESG Core Bond ETF by 65.8% in the 4th quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock worth $652,000 after purchasing an additional 5,249 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Putnam ESG Core Bond ETF in the 3rd quarter worth $1,303,000. Riverwater Partners LLC grew its position in Putnam ESG Core Bond ETF by 9.3% in the 3rd quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock valued at $2,764,000 after purchasing an additional 4,773 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in Putnam ESG Core Bond ETF in the 3rd quarter valued at $10,145,000.

Putnam ESG Core Bond ETF Company Profile

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.