Brown Advisory Inc. Purchases 2,726 Shares of Putnam BDC Income ETF (NYSEARCA:PBDC)

Brown Advisory Inc. raised its position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) by 15.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,856 shares of the company’s stock after acquiring an additional 2,726 shares during the period. Brown Advisory Inc. owned approximately 0.34% of Putnam BDC Income ETF worth $688,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PBDC. Raymond James Financial Inc. bought a new stake in Putnam BDC Income ETF during the fourth quarter valued at about $3,982,000. Smith Moore & CO. bought a new stake in shares of Putnam BDC Income ETF in the fourth quarter valued at about $1,322,000. RFG Advisory LLC lifted its stake in shares of Putnam BDC Income ETF by 95.0% in the first quarter. RFG Advisory LLC now owns 52,365 shares of the company’s stock valued at $1,815,000 after buying an additional 25,511 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Putnam BDC Income ETF by 70.4% in the fourth quarter. Corient Private Wealth LLC now owns 54,106 shares of the company’s stock valued at $1,862,000 after buying an additional 22,361 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Putnam BDC Income ETF in the first quarter valued at about $326,000.

Putnam BDC Income ETF Stock Performance

NYSEARCA PBDC opened at $34.39 on Tuesday. The firm has a 50-day simple moving average of $33.19 and a 200 day simple moving average of $33.73. Putnam BDC Income ETF has a twelve month low of $27.85 and a twelve month high of $36.86. The stock has a market cap of $234.71 million, a PE ratio of 10.61 and a beta of 1.47.

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.