Closed End Fund Advisors Inc. Takes Position in Putnam BDC Income ETF $PBDC

Closed End Fund Advisors Inc. acquired a new stake in Putnam BDC Income ETF (NYSEARCA:PBDC) in the fourth quarter, HoldingsChannel reports. The firm acquired 28,476 shares of the company’s stock, valued at approximately $871,000.

A number of other institutional investors have also modified their holdings of PBDC. Raymond James Financial Inc. raised its position in shares of Putnam BDC Income ETF by 60.4% in the second quarter. Raymond James Financial Inc. now owns 188,406 shares of the company’s stock valued at $6,376,000 after buying an additional 70,913 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Putnam BDC Income ETF by 30.8% in the second quarter. Corient Private Wealth LLC now owns 81,114 shares of the company’s stock valued at $2,745,000 after buying an additional 19,086 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Putnam BDC Income ETF by 27.5% in the third quarter. Envestnet Asset Management Inc. now owns 22,013 shares of the company’s stock valued at $700,000 after buying an additional 4,751 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Putnam BDC Income ETF by 3.3% in the third quarter. J.W. Cole Advisors Inc. now owns 12,649 shares of the company’s stock valued at $402,000 after buying an additional 405 shares during the last quarter. Finally, RFG Advisory LLC raised its position in shares of Putnam BDC Income ETF by 65.0% in the third quarter. RFG Advisory LLC now owns 43,288 shares of the company’s stock valued at $1,376,000 after buying an additional 17,057 shares during the last quarter.

Putnam BDC Income ETF Price Performance

NYSEARCA:PBDC opened at $27.09 on Friday. Putnam BDC Income ETF has a 1-year low of $26.22 and a 1-year high of $35.18. The firm has a 50 day simple moving average of $27.46 and a 200-day simple moving average of $28.88. The firm has a market cap of $264.13 million, a PE ratio of 10.61 and a beta of 0.52.

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.