Putnam BDC Income ETF $PBDC Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its position in Putnam BDC Income ETF (NYSEARCA:PBDC) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,063 shares of the company’s stock after acquiring an additional 2,224 shares during the quarter. Avantax Advisory Services Inc. owned about 0.88% of Putnam BDC Income ETF worth $2,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Apollon Wealth Management LLC purchased a new stake in Putnam BDC Income ETF in the 2nd quarter valued at $1,435,000. Advyzon Investment Management LLC increased its stake in Putnam BDC Income ETF by 31.0% in the first quarter. Advyzon Investment Management LLC now owns 7,724 shares of the company’s stock valued at $268,000 after purchasing an additional 1,829 shares during the period. Brookwood Investment Group LLC acquired a new position in Putnam BDC Income ETF in the first quarter valued at $345,000. Cetera Investment Advisers raised its holdings in shares of Putnam BDC Income ETF by 3.3% in the first quarter. Cetera Investment Advisers now owns 48,777 shares of the company’s stock valued at $1,691,000 after buying an additional 1,555 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Putnam BDC Income ETF during the second quarter worth about $29,000.

Putnam BDC Income ETF Stock Up 1.6%

NYSEARCA PBDC opened at $30.10 on Friday. The firm has a market cap of $240.80 million, a P/E ratio of 10.61 and a beta of 0.58. Putnam BDC Income ETF has a 52-week low of $27.85 and a 52-week high of $36.86. The business’s 50-day moving average price is $30.85 and its 200 day moving average price is $32.60.

Putnam BDC Income ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, October 6th were paid a $0.8205 dividend. This is an increase from Putnam BDC Income ETF’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, October 6th. This represents a $3.28 annualized dividend and a dividend yield of 10.9%.

Putnam BDC Income ETF 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.