Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Unusually-High Trading Volume – Time to Buy?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw unusually-strong trading volume on Tuesday . Approximately 46,113 shares traded hands during mid-day trading, an increase of 110% from the previous session’s volume of 21,939 shares.The stock last traded at $48.76 and had previously closed at $48.51.

Putnam ESG Core Bond ETF Stock Performance

The firm’s 50 day moving average price is $48.07 and its 200 day moving average price is $48.91.

Hedge Funds Weigh In On Putnam ESG Core Bond ETF

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in Putnam ESG Core Bond ETF by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 14,511,570 shares of the company’s stock worth $697,056,000 after purchasing an additional 961,553 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Putnam ESG Core Bond ETF by 10.9% in the 3rd quarter. Jane Street Group LLC now owns 54,591 shares of the company’s stock worth $2,733,000 after acquiring an additional 5,384 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Putnam ESG Core Bond ETF during the 3rd quarter valued at about $1,628,000. Riverwater Partners LLC bought a new stake in Putnam ESG Core Bond ETF during the fourth quarter worth about $1,517,000. Finally, Citadel Advisors LLC boosted its stake in Putnam ESG Core Bond ETF by 151.5% during the fourth quarter. Citadel Advisors LLC now owns 25,502 shares of the company’s stock worth $1,225,000 after acquiring an additional 15,361 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.