RFG Advisory LLC Acquires 17,057 Shares of Putnam BDC Income ETF $PBDC

RFG Advisory LLC increased its holdings in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) by 65.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,288 shares of the company’s stock after buying an additional 17,057 shares during the quarter. RFG Advisory LLC’s holdings in Putnam BDC Income ETF were worth $1,376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PBDC. Avantax Advisory Services Inc. boosted its position in Putnam BDC Income ETF by 3.8% in the second quarter. Avantax Advisory Services Inc. now owns 60,063 shares of the company’s stock valued at $2,033,000 after buying an additional 2,224 shares in the last quarter. Discipline Wealth Solutions LLC bought a new stake in shares of Putnam BDC Income ETF during the third quarter worth about $605,000. Commonwealth Equity Services LLC raised its holdings in Putnam BDC Income ETF by 56.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 159,933 shares of the company’s stock valued at $5,083,000 after buying an additional 57,471 shares during the last quarter. Allworth Financial LP bought a new stake in Putnam BDC Income ETF during the 2nd quarter worth approximately $68,000. Finally, Corient Private Wealth LLC raised its stake in shares of Putnam BDC Income ETF by 30.8% during the second quarter. Corient Private Wealth LLC now owns 81,115 shares of the company’s stock valued at $2,745,000 after acquiring an additional 19,087 shares during the last quarter.

Putnam BDC Income ETF Stock Down 0.7%

Shares of NYSEARCA:PBDC opened at $29.44 on Thursday. The business has a fifty day simple moving average of $30.62 and a 200 day simple moving average of $31.47. Putnam BDC Income ETF has a 12-month low of $27.85 and a 12-month high of $36.86. The firm has a market cap of $246.71 million, a P/E ratio of 10.61 and a beta of 0.58.

Putnam BDC Income ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 19th were given a dividend of $0.8251 per share. This represents a $3.30 annualized dividend and a dividend yield of 11.2%. This is a boost from Putnam BDC Income ETF’s previous quarterly dividend of $0.82. The ex-dividend date was Friday, December 19th.

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.