Putnam ESG High Yield ETF (NYSEARCA:PHYD) Plans Monthly Dividend of $0.26

Putnam ESG High Yield ETF (NYSEARCA:PHYD) announced a monthly dividend on Thursday, November 20th. Shareholders of record on Friday, November 21st will be given a dividend of 0.2555 per share on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, November 21st.

Putnam ESG High Yield ETF Stock Performance

Putnam ESG High Yield ETF stock opened at $52.07 on Friday. The firm has a market cap of $217.65 million, a price-to-earnings ratio of 4.98 and a beta of 0.31. Putnam ESG High Yield ETF has a 52-week low of $48.79 and a 52-week high of $52.70. The firm has a 50 day moving average price of $52.30 and a two-hundred day moving average price of $51.94.

Institutional Investors Weigh In On Putnam ESG High Yield ETF

Several large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its stake in shares of Putnam ESG High Yield ETF by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 3,957,526 shares of the company’s stock valued at $206,773,000 after acquiring an additional 177,382 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Putnam ESG High Yield ETF by 41.5% during the 2nd quarter. Jane Street Group LLC now owns 51,408 shares of the company’s stock worth $2,673,000 after purchasing an additional 15,085 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Putnam ESG High Yield ETF in the 2nd quarter valued at about $904,000. Finally, Bank of Montreal Can acquired a new stake in shares of Putnam ESG High Yield ETF in the 2nd quarter valued at about $3,383,000.

About Putnam ESG High Yield ETF

The Putnam ESG High Yield ETF (PHYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in long- and intermediate-term US high-yield corporate bonds that meet certain environmental, social and governance criteria on a sector-specific basis. PHYD was launched on Jan 19, 2023 and is managed by Putnam.