Envestnet Asset Management Inc. Sells 3,340 Shares of Putnam BDC Income ETF (NYSEARCA:PBDC)

Envestnet Asset Management Inc. cut its position in Putnam BDC Income ETF (NYSEARCA:PBDC) by 17.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,034 shares of the company’s stock after selling 3,340 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.27% of Putnam BDC Income ETF worth $556,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. increased its holdings in shares of Putnam BDC Income ETF by 105,100.0% during the first quarter. NBC Securities Inc. now owns 1,052 shares of the company’s stock valued at $36,000 after acquiring an additional 1,051 shares in the last quarter. Stonebridge Financial Planning Group LLC increased its holdings in shares of Putnam BDC Income ETF by 1.4% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 82,781 shares of the company’s stock valued at $2,849,000 after acquiring an additional 1,109 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Putnam BDC Income ETF by 11.6% during the first quarter. D.A. Davidson & CO. now owns 13,791 shares of the company’s stock valued at $478,000 after acquiring an additional 1,438 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Putnam BDC Income ETF by 13.7% during the fourth quarter. Cetera Investment Advisers now owns 47,222 shares of the company’s stock valued at $1,625,000 after acquiring an additional 5,701 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Putnam BDC Income ETF during the fourth quarter valued at about $216,000.

Putnam BDC Income ETF Stock Up 0.3%

PBDC opened at $33.49 on Wednesday. Putnam BDC Income ETF has a 52-week low of $27.85 and a 52-week high of $36.86. The company has a market cap of $227.73 million, a P/E ratio of 10.61 and a beta of 1.47. The firm’s 50-day moving average price is $33.79 and its 200-day moving average price is $33.72.

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.