Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Large Volume Increase – Time to Buy?

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw unusually-strong trading volume on Tuesday . Approximately 15,994 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 24,007 shares.The stock last traded at $48.52 and had previously closed at $49.25.

Putnam ESG Core Bond ETF Stock Performance

The company’s 50 day simple moving average is $48.61 and its 200-day simple moving average is $48.67.

Institutional Investors Weigh In On Putnam ESG Core Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its holdings in shares of Putnam ESG Core Bond ETF by 10.6% in the third quarter. Franklin Resources Inc. now owns 13,550,017 shares of the company’s stock worth $668,510,000 after acquiring an additional 1,302,479 shares during the period. Riverwater Partners LLC purchased a new position in Putnam ESG Core Bond ETF in the fourth quarter worth about $1,517,000. Citadel Advisors LLC grew its stake in shares of Putnam ESG Core Bond ETF by 151.5% during the 4th quarter. Citadel Advisors LLC now owns 25,502 shares of the company’s stock valued at $1,225,000 after purchasing an additional 15,361 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Putnam ESG Core Bond ETF by 10.9% during the 3rd quarter. Jane Street Group LLC now owns 54,591 shares of the company’s stock valued at $2,733,000 after purchasing an additional 5,384 shares during the last quarter.

About Putnam ESG Core Bond ETF

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.