Putnam BDC Income ETF (NYSEARCA:PBDC) Stock Price Up 1.6% – Here’s Why

Putnam BDC Income ETF (NYSEARCA:PBDCGet Free Report)’s share price shot up 1.6% during mid-day trading on Friday . The company traded as high as $28.84 and last traded at $28.72. 94,430 shares traded hands during trading, a decline of 9% from the average session volume of 104,033 shares. The stock had previously closed at $28.26.

Putnam BDC Income ETF Trading Up 1.6%

The stock has a market capitalization of $240.67 million, a P/E ratio of 10.61 and a beta of 0.58. The firm’s fifty day moving average is $30.73 and its 200-day moving average is $31.60.

Putnam BDC Income ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 19th were paid a $0.8251 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 11.5%. This is an increase from Putnam BDC Income ETF’s previous quarterly dividend of $0.82. The ex-dividend date was Friday, December 19th.

Institutional Investors Weigh In On Putnam BDC Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in Putnam BDC Income ETF in the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC bought a new stake in shares of Putnam BDC Income ETF during the fourth quarter worth $31,000. Miller Global Investments LLC acquired a new stake in shares of Putnam BDC Income ETF in the fourth quarter valued at $44,000. Allworth Financial LP bought a new position in shares of Putnam BDC Income ETF in the second quarter valued at about $68,000. Finally, Encompass More Asset Management acquired a new position in Putnam BDC Income ETF during the 4th quarter worth about $214,000.

About Putnam BDC Income ETF

(Get Free Report)

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.

Further Reading

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