Bridgewater Advisors Inc. Purchases New Shares in Putnam BDC Income ETF $PBDC

Bridgewater Advisors Inc. acquired a new stake in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 76,102 shares of the company’s stock, valued at approximately $472,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new position in shares of Putnam BDC Income ETF in the 4th quarter valued at about $31,000. Encompass More Asset Management bought a new stake in shares of Putnam BDC Income ETF in the 4th quarter valued at approximately $214,000. Focused Alpha LLC purchased a new position in shares of Putnam BDC Income ETF in the 4th quarter worth approximately $277,000. HighTower Advisors LLC purchased a new position in shares of Putnam BDC Income ETF in the 4th quarter worth approximately $280,000. Finally, Mariner LLC bought a new position in shares of Putnam BDC Income ETF during the 4th quarter valued at approximately $306,000.

Putnam BDC Income ETF Stock Down 1.2%

Shares of PBDC opened at $28.33 on Friday. The business has a fifty day moving average of $27.00 and a 200 day moving average of $27.53. The company has a market cap of $303.98 million, a PE ratio of 10.61 and a beta of 0.52. Putnam BDC Income ETF has a 52-week low of $25.94 and a 52-week high of $34.00.

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.