Wealthcare Advisory Partners LLC Buys 4,781 Shares of Putnam BDC Income ETF $PBDC

Wealthcare Advisory Partners LLC boosted its stake in Putnam BDC Income ETF (NYSEARCA:PBDC) by 12.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,446 shares of the company’s stock after purchasing an additional 4,781 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Putnam BDC Income ETF were worth $1,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PBDC. Ameritas Advisory Services LLC bought a new stake in Putnam BDC Income ETF in the second quarter valued at about $29,000. NBC Securities Inc. increased its holdings in Putnam BDC Income ETF by 105,100.0% in the first quarter. NBC Securities Inc. now owns 1,052 shares of the company’s stock valued at $36,000 after purchasing an additional 1,051 shares during the last quarter. Guidance Capital Inc. bought a new stake in Putnam BDC Income ETF in the first quarter valued at about $220,000. Advyzon Investment Management LLC increased its holdings in Putnam BDC Income ETF by 31.0% in the first quarter. Advyzon Investment Management LLC now owns 7,724 shares of the company’s stock valued at $268,000 after purchasing an additional 1,829 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Putnam BDC Income ETF in the first quarter valued at about $326,000.

Putnam BDC Income ETF Trading Down 1.2%

NYSEARCA PBDC opened at $30.21 on Wednesday. The stock has a 50-day simple moving average of $33.08 and a 200 day simple moving average of $32.98. The company has a market capitalization of $219.02 million, a PE ratio of 10.61 and a beta of 1.47. Putnam BDC Income ETF has a 12 month low of $27.85 and a 12 month high of $36.86.

Putnam BDC Income ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, October 6th will be paid a $0.8205 dividend. The ex-dividend date of this dividend is Monday, October 6th. This is a positive change from Putnam BDC Income ETF’s previous quarterly dividend of $0.79. This represents a $3.28 dividend on an annualized basis and a yield of 10.9%.

Putnam BDC Income ETF 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.