D.A. Davidson & CO. Buys 1,245 Shares of Putnam BDC Income ETF $PBDC

D.A. Davidson & CO. grew its stake in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) by 9.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,036 shares of the company’s stock after acquiring an additional 1,245 shares during the period. D.A. Davidson & CO. owned about 0.22% of Putnam BDC Income ETF worth $509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in shares of Putnam BDC Income ETF during the 2nd quarter valued at approximately $29,000. Guidance Capital Inc. bought a new position in shares of Putnam BDC Income ETF during the 1st quarter valued at approximately $220,000. Advyzon Investment Management LLC grew its position in shares of Putnam BDC Income ETF by 31.0% during the 1st quarter. Advyzon Investment Management LLC now owns 7,724 shares of the company’s stock valued at $268,000 after acquiring an additional 1,829 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Putnam BDC Income ETF during the 1st quarter valued at approximately $326,000. Finally, Brookwood Investment Group LLC bought a new position in Putnam BDC Income ETF in the 1st quarter worth approximately $345,000.

Putnam BDC Income ETF Trading Down 1.2%

PBDC opened at $30.89 on Thursday. The company has a 50 day moving average of $32.02 and a 200 day moving average of $32.73. The company has a market cap of $244.96 million, a PE ratio of 10.61 and a beta of 0.58. Putnam BDC Income ETF has a 12 month low of $27.85 and a 12 month high of $36.86.

Putnam BDC Income ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, October 6th were issued a $0.8205 dividend. This is a boost from Putnam BDC Income ETF’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Monday, October 6th. This represents a $3.28 annualized dividend and a yield of 10.6%.

About Putnam BDC Income ETF

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.