Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Unusually-High Trading Volume – Still a Buy?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) shares saw unusually-strong trading volume on Tuesday . Approximately 11,360 shares changed hands during mid-day trading, an increase of 797% from the previous session’s volume of 1,267 shares.The stock last traded at $49.3060 and had previously closed at $49.40.

Putnam ESG Core Bond ETF Stock Performance

The business has a 50-day moving average price of $49.44 and a 200 day moving average price of $49.26.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were issued a dividend of $0.197 per share. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds Weigh In On Putnam ESG Core Bond ETF

A number of institutional investors have recently bought and sold shares of PCRB. JPMorgan Chase & Co. acquired a new stake in shares of Putnam ESG Core Bond ETF during the third quarter valued at approximately $36,000. Riverwater Partners LLC grew its position in Putnam ESG Core Bond ETF by 9.3% during the 3rd quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock worth $2,764,000 after purchasing an additional 4,773 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Putnam ESG Core Bond ETF during the 3rd quarter valued at $1,303,000. Susquehanna International Group LLP purchased a new stake in shares of Putnam ESG Core Bond ETF in the third quarter valued at $10,145,000. Finally, Jane Street Group LLC lifted its holdings in shares of Putnam ESG Core Bond ETF by 1,753.6% in the first quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock valued at $14,692,000 after purchasing an additional 284,581 shares in the last quarter.

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.