Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Strong Trading Volume After Dividend Announcement

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw an uptick in trading volume on Monday following a dividend announcement from the company. 48,325 shares traded hands during mid-day trading, an increase of 185% from the previous session’s volume of 16,949 shares.The stock last traded at $49.25 and had previously closed at $49.38.

The newly announced dividend which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be paid a $0.1721 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, February 2nd.

Putnam ESG Core Bond ETF Price Performance

The company has a 50-day simple moving average of $49.41 and a two-hundred day simple moving average of $49.35.

Institutional Investors Weigh In On Putnam ESG Core Bond ETF

Large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Putnam ESG Core Bond ETF by 10.2% during the second quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock valued at $788,559,000 after acquiring an additional 1,492,438 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Putnam ESG Core Bond ETF during the 3rd quarter valued at about $10,145,000. Flow Traders U.S. LLC purchased a new position in Putnam ESG Core Bond ETF during the 3rd quarter valued at about $1,303,000. Riverwater Partners LLC raised its position in Putnam ESG Core Bond ETF by 63.9% during the 2nd quarter. Riverwater Partners LLC now owns 51,178 shares of the company’s stock valued at $2,506,000 after purchasing an additional 19,952 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Putnam ESG Core Bond ETF in the 3rd quarter worth approximately $36,000.

Putnam ESG Core Bond ETF Company Profile

The Putnam ESG Core Bond ETF (PCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund broadly invests in investment grade US fixed income securities that meet certain environmental, social and governance criteria on a sector-specific basis. The actively managed targets bonds with maturities of three years or more. PCRB was launched on Jan 19, 2023 and is managed by Putnam.