Putnam BDC Income ETF (NYSEARCA:PBDC) Stock Price Down 0.9% – What’s Next?

Shares of Putnam BDC Income ETF (NYSEARCA:PBDC) fell 0.9% during trading on Monday . The company traded as low as $26.33 and last traded at $26.65. 195,887 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 142,285 shares. The stock had previously closed at $26.90.

Putnam BDC Income ETF Price Performance

The stock’s 50-day moving average price is $26.98 and its 200 day moving average price is $27.96. The firm has a market capitalization of $275.88 million, a PE ratio of 10.61 and a beta of 0.52.

Institutional Investors Weigh In On Putnam BDC Income ETF

Several large investors have recently modified their holdings of PBDC. EverSource Wealth Advisors LLC purchased a new position in Putnam BDC Income ETF during the fourth quarter valued at approximately $31,000. Encompass More Asset Management purchased a new position in shares of Putnam BDC Income ETF in the 4th quarter valued at $214,000. Guidance Capital Inc. bought a new position in shares of Putnam BDC Income ETF in the 4th quarter worth $247,000. Focused Alpha LLC bought a new stake in Putnam BDC Income ETF during the fourth quarter valued at about $277,000. Finally, HighTower Advisors LLC bought a new position in Putnam BDC Income ETF in the fourth quarter worth about $280,000.

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.