Corient Private Wealth LLC Purchases 19,087 Shares of Putnam BDC Income ETF $PBDC

Corient Private Wealth LLC raised its position in Putnam BDC Income ETF (NYSEARCA:PBDC) by 30.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,115 shares of the company’s stock after purchasing an additional 19,087 shares during the quarter. Corient Private Wealth LLC owned 1.18% of Putnam BDC Income ETF worth $2,745,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Putnam BDC Income ETF in the second quarter valued at approximately $29,000. Allworth Financial LP bought a new stake in Putnam BDC Income ETF during the 2nd quarter worth approximately $68,000. J.W. Cole Advisors Inc. increased its position in Putnam BDC Income ETF by 13.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,244 shares of the company’s stock valued at $414,000 after acquiring an additional 1,469 shares during the period. D.A. Davidson & CO. increased its position in Putnam BDC Income ETF by 9.0% in the 2nd quarter. D.A. Davidson & CO. now owns 15,036 shares of the company’s stock valued at $509,000 after acquiring an additional 1,245 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Putnam BDC Income ETF by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 17,262 shares of the company’s stock valued at $584,000 after acquiring an additional 1,228 shares during the last quarter.

Putnam BDC Income ETF Stock Down 0.3%

Shares of Putnam BDC Income ETF stock opened at $30.12 on Tuesday. The stock has a market cap of $240.96 million, a price-to-earnings ratio of 10.61 and a beta of 0.58. Putnam BDC Income ETF has a twelve month low of $27.85 and a twelve month high of $36.86. The company’s fifty day moving average is $30.76 and its 200 day moving average is $32.39.

Putnam BDC Income ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 19th will be given a $0.8251 dividend. This is a boost from Putnam BDC Income ETF’s previous quarterly dividend of $0.82. The ex-dividend date is Friday, December 19th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 11.0%.

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. PBDC was launched on Sep 29, 2022 and is managed by Putnam.