Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw unusually-strong trading volume on Tuesday . Approximately 20,618 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 17,864 shares.The stock last traded at $49.4010 and had previously closed at $49.31.

Putnam ESG Core Bond ETF Trading Up 0.1%

The company has a fifty day moving average of $49.57 and a 200 day moving average of $49.15.

Putnam ESG Core Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Friday, November 21st were given a $0.1667 dividend. The ex-dividend date was Friday, November 21st. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Trading of Putnam ESG Core Bond ETF

A number of hedge funds have recently made changes to their positions in PCRB. Susquehanna International Group LLP acquired a new position in shares of Putnam ESG Core Bond ETF during the 3rd quarter valued at about $10,145,000. Flow Traders U.S. LLC bought a new position in shares of Putnam ESG Core Bond ETF in the third quarter worth about $1,303,000. Franklin Resources Inc. lifted its position in shares of Putnam ESG Core Bond ETF by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock worth $838,643,000 after purchasing an additional 868,774 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Putnam ESG Core Bond ETF during the third quarter worth $36,000. Finally, Riverwater Partners LLC raised its stake in Putnam ESG Core Bond ETF by 9.3% during the 3rd quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock valued at $2,764,000 after purchasing an additional 4,773 shares during the last quarter.

Putnam ESG Core Bond ETF Company Profile

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.