Closed End Fund Advisors Inc. Invests $871,000 in Putnam BDC Income ETF $PBDC

Closed End Fund Advisors Inc. purchased a new stake in Putnam BDC Income ETF (NYSEARCA:PBDC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 28,476 shares of the company’s stock, valued at approximately $871,000. Closed End Fund Advisors Inc. owned 0.34% of Putnam BDC Income ETF as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PBDC. Confluence Investment Management LLC acquired a new position in Putnam BDC Income ETF during the fourth quarter worth about $846,000. Haven Private LLC acquired a new position in Putnam BDC Income ETF during the third quarter worth about $1,655,000. Shade Tree Advisors LLC acquired a new position in Putnam BDC Income ETF during the fourth quarter worth about $970,000. Farther Finance Advisors LLC raised its position in Putnam BDC Income ETF by 12,450.7% during the fourth quarter. Farther Finance Advisors LLC now owns 37,652 shares of the company’s stock worth $1,152,000 after acquiring an additional 37,352 shares during the last quarter. Finally, GoalVest Advisory LLC acquired a new position in Putnam BDC Income ETF during the fourth quarter worth about $1,047,000.

Putnam BDC Income ETF Price Performance

NYSEARCA:PBDC opened at $27.09 on Friday. The firm has a 50 day simple moving average of $27.46 and a 200-day simple moving average of $28.88. The firm has a market cap of $264.13 million, a PE ratio of 10.61 and a beta of 0.52. Putnam BDC Income ETF has a 1-year low of $26.22 and a 1-year high of $35.18.

About Putnam BDC Income ETF

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.