Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Stock Price Down 0.1% – What’s Next?

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) fell 0.1% on Thursday . The stock traded as low as $45.90 and last traded at $45.87. Approximately 115 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 118,701 shares. The stock had previously closed at $45.90.

Putnam ESG Core Bond ETF Price Performance

The stock’s 50-day moving average is $45.90 and its 200-day moving average is $46.45.

Institutional Trading of Putnam ESG Core Bond ETF

A number of institutional investors have recently made changes to their positions in PCRB. Franklin Resources Inc. boosted its holdings in shares of Putnam ESG Core Bond ETF by 4.6% in the fourth quarter. Franklin Resources Inc. now owns 17,761,094 shares of the company’s stock valued at $875,791,000 after acquiring an additional 786,230 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Putnam ESG Core Bond ETF during the third quarter worth approximately $10,145,000. Riverwater Partners LLC raised its holdings in Putnam ESG Core Bond ETF by 2.7% during the fourth quarter. Riverwater Partners LLC now owns 57,473 shares of the company’s stock worth $2,834,000 after purchasing an additional 1,522 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Putnam ESG Core Bond ETF in the third quarter worth approximately $1,303,000. Finally, Jane Street Group LLC lifted its position in Putnam ESG Core Bond ETF by 65.8% in the fourth quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock worth $652,000 after purchasing an additional 5,249 shares during the period.

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. PCRB was launched on Jan 19, 2023 and is managed by Putnam.