Putnam BDC Income ETF (NYSEARCA:PBDC) Shares Up 2% – Here’s What Happened

Putnam BDC Income ETF (NYSEARCA:PBDC)’s share price rose 2% during mid-day trading on Wednesday. The company traded as high as $26.94 and last traded at $26.68. 47,300 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 125,141 shares. The stock had previously closed at $26.15.

Putnam BDC Income ETF Trading Up 2.0%

The stock has a 50-day moving average of $26.68 and a 200-day moving average of $27.43. The firm has a market cap of $282.27 million, a price-to-earnings ratio of 13.09 and a beta of 0.62.

Institutional Trading of Putnam BDC Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Miller Global Investments LLC raised its position in shares of Putnam BDC Income ETF by 48.9% during the 3rd quarter. Miller Global Investments LLC now owns 2,003 shares of the company’s stock worth $54,000 after buying an additional 658 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Putnam BDC Income ETF in the 3rd quarter worth $123,000. Citadel Advisors LLC purchased a new position in Putnam BDC Income ETF in the 2nd quarter worth about $205,000. Legacy Wealth Managment LLC ID raised its holdings in shares of Putnam BDC Income ETF by 11,626.9% during the second quarter. Legacy Wealth Managment LLC ID now owns 7,857 shares of the company’s stock valued at $214,000 after acquiring an additional 7,790 shares during the period. Finally, Samalin Investment Counsel LLC raised its stake in Putnam BDC Income ETF by 33.3% during the 3rd quarter. Samalin Investment Counsel LLC now owns 10,475 shares of the company’s stock valued at $282,000 after purchasing an additional 2,618 shares during the period.

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.