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

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) shares saw unusually-strong trading volume on Friday . Approximately 79,255 shares traded hands during mid-day trading, an increase of 335% from the previous session’s volume of 18,230 shares.The stock last traded at $49.4160 and had previously closed at $49.48.

Putnam ESG Core Bond ETF Stock Performance

The business has a 50 day moving average price of $49.61 and a 200-day moving average price of $48.96.

Putnam ESG Core Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 27th. Investors of record on Thursday, October 23rd were paid a $0.198 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. This is a boost from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date was Thursday, October 23rd.

Institutional Investors Weigh In On Putnam ESG Core Bond ETF

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of Putnam ESG Core Bond ETF during the third quarter worth $36,000. Flow Traders U.S. LLC boosted its holdings in shares of Putnam ESG Core Bond ETF by 211.7% during the 1st quarter. Flow Traders U.S. LLC now owns 35,412 shares of the company’s stock valued at $1,730,000 after acquiring an additional 24,050 shares in the last quarter. Riverwater Partners LLC grew its position in Putnam ESG Core Bond ETF by 63.9% during the 2nd quarter. Riverwater Partners LLC now owns 51,178 shares of the company’s stock worth $2,506,000 after acquiring an additional 19,952 shares during the last quarter. Jane Street Group LLC increased its holdings in Putnam ESG Core Bond ETF by 1,753.6% in the 1st quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock worth $14,692,000 after purchasing an additional 284,581 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Putnam ESG Core Bond ETF by 10.2% in the second quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock valued at $788,559,000 after purchasing an additional 1,492,438 shares during 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.