Putnam BDC Income ETF (NYSEARCA:PBDC – Get Free Report)’s stock price shot up 1.8% during trading on Monday . The stock traded as high as $27.28 and last traded at $27.19. Approximately 146,840 shares were traded during trading, an increase of 1% from the average daily volume of 145,812 shares. The stock had previously closed at $26.72.
Putnam BDC Income ETF Stock Performance
The stock has a market capitalization of $265.10 million, a P/E ratio of 10.61 and a beta of 0.52. The business has a 50-day moving average price of $27.31 and a 200 day moving average price of $28.41.
Hedge Funds Weigh In On Putnam BDC Income ETF
Several institutional investors and hedge funds have recently modified their holdings of PBDC. Confluence Investment Management LLC bought a new position in Putnam BDC Income ETF in the 4th quarter worth about $846,000. Shade Tree Advisors LLC bought a new stake in Putnam BDC Income ETF during the 4th quarter valued at about $970,000. Farther Finance Advisors LLC raised its holdings in Putnam BDC Income ETF by 12,450.7% in the fourth quarter. Farther Finance Advisors LLC now owns 37,652 shares of the company’s stock worth $1,152,000 after buying an additional 37,352 shares during the last quarter. GoalVest Advisory LLC purchased a new position in Putnam BDC Income ETF in the fourth quarter worth about $1,047,000. Finally, Condor Capital Management lifted its stake in shares of Putnam BDC Income ETF by 106.0% in the fourth quarter. Condor Capital Management now owns 340,779 shares of the company’s stock worth $10,428,000 after buying an additional 175,321 shares in the last quarter.
About Putnam BDC Income ETF
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.
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