Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Increases Dividend to $0.20 Per Share

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) declared a monthly dividend on Thursday, December 18th. Shareholders of record on Friday, December 19th will be given a dividend of 0.197 per share on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, December 19th. This is a 18.2% increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.17.

Putnam ESG Core Bond ETF Stock Up 0.2%

Shares of NYSEARCA:PCRB traded up $0.11 during trading on Friday, hitting $49.57. 22,419 shares of the company’s stock were exchanged, compared to its average volume of 17,907. The firm has a 50-day moving average price of $49.57 and a two-hundred day moving average price of $49.16. Putnam ESG Core Bond ETF has a 1-year low of $47.47 and a 1-year high of $50.08.

Institutional Investors Weigh In On Putnam ESG Core Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in Putnam ESG Core Bond ETF during the 3rd quarter worth approximately $36,000. Flow Traders U.S. LLC bought a new position in Putnam ESG Core Bond ETF during the 3rd quarter worth about $1,303,000. Riverwater Partners LLC raised its stake in shares of Putnam ESG Core Bond ETF by 63.9% in the 2nd quarter. Riverwater Partners LLC now owns 51,178 shares of the company’s stock valued at $2,506,000 after purchasing an additional 19,952 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Putnam ESG Core Bond ETF in the 3rd quarter valued at about $10,145,000. Finally, Jane Street Group LLC lifted its holdings in shares of Putnam ESG Core Bond ETF by 1,753.6% in the first quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock valued at $14,692,000 after purchasing an additional 284,581 shares in 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.