Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Strong Trading Volume – Here’s Why

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) shares saw unusually-strong trading volume on Wednesday . Approximately 47,078 shares traded hands during mid-day trading, an increase of 161% from the previous session’s volume of 18,017 shares.The stock last traded at $49.3260 and had previously closed at $49.42.

Putnam ESG Core Bond ETF Trading Down 0.3%

The company has a fifty day moving average of $49.55 and a two-hundred day moving average of $48.92.

Putnam ESG Core Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 23rd were paid a $0.198 dividend. The ex-dividend date was Thursday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 4.8%. This is an increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.16.

Institutional Trading of Putnam ESG Core Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in Putnam ESG Core Bond ETF by 10.2% in the second quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock valued at $788,559,000 after purchasing an additional 1,492,438 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Putnam ESG Core Bond ETF by 1,753.6% during the first quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock worth $14,692,000 after acquiring an additional 284,581 shares during the period. Flow Traders U.S. LLC lifted its stake in shares of Putnam ESG Core Bond ETF by 211.7% during the first quarter. Flow Traders U.S. LLC now owns 35,412 shares of the company’s stock valued at $1,730,000 after buying an additional 24,050 shares during the period. Finally, Riverwater Partners LLC increased its position in Putnam ESG Core Bond ETF by 63.9% during the second quarter. Riverwater Partners LLC now owns 51,178 shares of the company’s stock worth $2,506,000 after purchasing an additional 19,952 shares during the last quarter.

About Putnam ESG Core Bond ETF

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.