Putnam BDC Income ETF (NYSEARCA:PBDC) Shares Down 0.2% – What’s Next?

Putnam BDC Income ETF (NYSEARCA:PBDC)’s stock price fell 0.2% during trading on Thursday . The stock traded as low as $27.49 and last traded at $27.62. 277,023 shares were traded during mid-day trading, an increase of 127% from the average session volume of 121,819 shares. The stock had previously closed at $27.68.

Putnam BDC Income ETF Trading Down 0.2%

The firm has a market capitalization of $231.46 million, a P/E ratio of 10.61 and a beta of 0.58. The firm has a 50-day moving average of $29.58 and a two-hundred day moving average of $30.86.

Putnam BDC Income ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 19th were paid a $0.8251 dividend. This represents a $3.30 annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from Putnam BDC Income ETF’s previous quarterly dividend of $0.82.

Institutional Trading of Putnam BDC Income ETF

A number of hedge funds have recently made changes to their positions in PBDC. J.W. Cole Advisors Inc. boosted its position in Putnam BDC Income ETF by 3.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,649 shares of the company’s stock worth $402,000 after buying an additional 405 shares during the period. Newbridge Financial Services Group Inc. grew its position in shares of Putnam BDC Income ETF by 0.9% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 58,199 shares of the company’s stock valued at $1,850,000 after buying an additional 503 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Putnam BDC Income ETF by 5.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 10,758 shares of the company’s stock valued at $342,000 after buying an additional 595 shares during the last quarter. Stonebridge Financial Planning Group LLC increased its stake in shares of Putnam BDC Income ETF by 1.0% in the third quarter. Stonebridge Financial Planning Group LLC now owns 88,299 shares of the company’s stock valued at $2,806,000 after buying an additional 854 shares during the period. Finally, Advyzon Investment Management LLC raised its position in shares of Putnam BDC Income ETF by 12.2% during the third quarter. Advyzon Investment Management LLC now owns 8,872 shares of the company’s stock worth $282,000 after acquiring an additional 962 shares during the last quarter.

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