Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Strong Trading Volume – Here’s What Happened

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw an uptick in trading volume on Tuesday . 11,360 shares traded hands during trading, an increase of 797% from the previous session’s volume of 1,267 shares.The stock last traded at $49.3060 and had previously closed at $49.40.

Putnam ESG Core Bond ETF Trading Down 0.1%

The company’s 50-day simple moving average is $49.46 and its 200-day simple moving average is $49.25.

Putnam ESG Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were issued a dividend of $0.197 per share. This is an increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Trading of Putnam ESG Core Bond ETF

A number of large investors have recently bought and sold shares of PCRB. Franklin Resources Inc. raised its holdings in shares of Putnam ESG Core Bond ETF by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock worth $838,643,000 after acquiring an additional 868,774 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Putnam ESG Core Bond ETF by 1,753.6% in the 1st quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock worth $14,692,000 after buying an additional 284,581 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Putnam ESG Core Bond ETF during the third quarter valued at approximately $10,145,000. Riverwater Partners LLC boosted its position in Putnam ESG Core Bond ETF by 9.3% during the third quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock worth $2,764,000 after purchasing an additional 4,773 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in Putnam ESG Core Bond ETF in the 3rd quarter worth approximately $1,303,000.

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. PCRB was launched on Jan 19, 2023 and is managed by Putnam.