Confluence Investment Management LLC Takes $846,000 Position in Putnam BDC Income ETF $PBDC

Confluence Investment Management LLC bought a new stake in Putnam BDC Income ETF (NYSEARCA:PBDC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 27,635 shares of the company’s stock, valued at approximately $846,000. Confluence Investment Management LLC owned 0.34% of Putnam BDC Income ETF as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of PBDC. Miller Global Investments LLC bought a new position in Putnam BDC Income ETF during the fourth quarter worth about $44,000. Allworth Financial LP bought a new stake in Putnam BDC Income ETF in the second quarter valued at approximately $68,000. Advyzon Investment Management LLC lifted its position in shares of Putnam BDC Income ETF by 12.2% in the third quarter. Advyzon Investment Management LLC now owns 8,872 shares of the company’s stock valued at $282,000 after buying an additional 962 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Putnam BDC Income ETF by 20.1% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,128 shares of the company’s stock valued at $290,000 after buying an additional 1,528 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Putnam BDC Income ETF by 5.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 10,758 shares of the company’s stock worth $342,000 after acquiring an additional 595 shares during the period.

Putnam BDC Income ETF Trading Down 1.7%

Shares of NYSEARCA PBDC opened at $27.12 on Friday. The company has a market capitalization of $227.27 million, a P/E ratio of 10.61 and a beta of 0.58. Putnam BDC Income ETF has a 12 month low of $26.22 and a 12 month high of $35.22. The stock has a 50 day moving average of $28.81 and a 200-day moving average of $30.33.

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.