Joseph P. Lucia & Associates LLC bought a new position in Putnam BDC Income ETF (NYSEARCA:PBDC – Free Report) in the 2nd quarter, Holdings Channel reports. The firm bought 27,636 shares of the company’s stock, valued at approximately $181,000.
Several other institutional investors have also recently made changes to their positions in PBDC. Shade Tree Advisors LLC purchased a new stake in Putnam BDC Income ETF in the 4th quarter worth about $970,000. Farther Finance Advisors LLC boosted its position in shares of 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 valued at $1,152,000 after buying an additional 37,352 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Putnam BDC Income ETF during the first quarter valued at approximately $1,833,000. Independent Financial Group LLC purchased a new position in shares of Putnam BDC Income ETF during the first quarter valued at approximately $705,000. Finally, Bridgewater Advisors Inc. bought a new position in shares of Putnam BDC Income ETF during the second quarter valued at approximately $472,000.
Putnam BDC Income ETF Stock Performance
Shares of NYSEARCA PBDC opened at $27.90 on Tuesday. The business’s 50 day moving average price is $27.02 and its 200-day moving average price is $27.49. Putnam BDC Income ETF has a fifty-two week low of $25.94 and a fifty-two week high of $34.00. The company has a market cap of $299.37 million, a price-to-earnings ratio of 10.61 and a beta of 0.52.
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.
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