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

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw unusually-high trading volume on Friday . Approximately 79,255 shares traded hands during trading, an increase of 335% from the previous session’s volume of 18,230 shares.The stock last traded at $49.4160 and had previously closed at $49.48.

Putnam ESG Core Bond ETF Stock Down 0.2%

The business’s 50 day moving average is $49.61 and its 200 day moving average is $48.97.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 23rd were given a $0.198 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, October 23rd. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.16.

Hedge Funds Weigh In On Putnam ESG Core Bond ETF

A number of large investors have recently added to or reduced their stakes in PCRB. Franklin Resources Inc. lifted its position in shares of Putnam ESG Core Bond ETF by 5.4% during the third quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock valued at $838,643,000 after buying an additional 868,774 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Putnam ESG Core Bond ETF by 1,753.6% during the 1st 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 in the last quarter. Riverwater Partners LLC lifted its position in Putnam ESG Core Bond ETF by 9.3% during the third quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock valued at $2,764,000 after acquiring an additional 4,773 shares during the last quarter. Flow Traders U.S. LLC boosted its stake in Putnam ESG Core Bond ETF by 211.7% in the first quarter. Flow Traders U.S. LLC now owns 35,412 shares of the company’s stock valued at $1,730,000 after acquiring an additional 24,050 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Putnam ESG Core Bond ETF in the third quarter worth $36,000.

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.