Putnam BDC Income ETF (NYSEARCA:PBDC) Shares Up 1.8% – Here’s What Happened

Putnam BDC Income ETF (NYSEARCA:PBDC)’s stock price shot up 1.8% on Monday . The company traded as high as $27.28 and last traded at $27.19. 146,840 shares were traded during mid-day trading, an increase of 1% from the average session volume of 145,812 shares. The stock had previously closed at $26.72.

Putnam BDC Income ETF Price Performance

The stock has a market capitalization of $265.10 million, a PE ratio of 10.61 and a beta of 0.52. The firm’s 50 day simple moving average is $27.31 and its 200 day simple moving average is $28.41.

Institutional Trading of Putnam BDC Income ETF

Several large investors have recently modified their holdings of the business. Confluence Investment Management LLC bought a new position in shares of Putnam BDC Income ETF in the 4th quarter worth approximately $846,000. Shade Tree Advisors LLC bought a new stake in shares of Putnam BDC Income ETF during the fourth quarter valued at approximately $970,000. Farther Finance Advisors LLC grew its stake in Putnam BDC Income ETF by 12,450.7% in the fourth quarter. Farther Finance Advisors LLC now owns 37,652 shares of the company’s stock worth $1,152,000 after purchasing an additional 37,352 shares during the period. GoalVest Advisory LLC purchased a new stake in Putnam BDC Income ETF in the fourth quarter worth $1,047,000. Finally, Condor Capital Management raised its holdings in Putnam BDC Income ETF by 106.0% in the fourth quarter. Condor Capital Management now owns 340,779 shares of the company’s stock worth $10,428,000 after purchasing an additional 175,321 shares in the last quarter.

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.