Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Shares Down 0.1% – Here’s What Happened

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

Putnam ESG Core Bond ETF Stock Performance

The company has a 50 day moving average price of $45.89 and a 200 day moving average price of $46.12.

Institutional Trading of Putnam ESG Core Bond ETF

An institutional investor recently raised its position in Putnam ESG Core Bond ETF stock. Riverwater Partners LLC grew its position in Putnam ESG Core Bond ETF (NYSEARCA:PCRB) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,473 shares of the company’s stock after buying an additional 1,522 shares during the quarter. Putnam ESG Core Bond ETF accounts for approximately 1.1% of Riverwater Partners LLC’s holdings, making the stock its 18th biggest holding. Riverwater Partners LLC owned 0.31% of Putnam ESG Core Bond ETF worth $2,834,000 at the end of the most recent 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.