Independent Financial Group LLC Buys Shares of 25,550 Putnam BDC Income ETF $PBDC

Independent Financial Group LLC bought a new stake in Putnam BDC Income ETF (NYSEARCA:PBDC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,550 shares of the company’s stock, valued at approximately $705,000. Independent Financial Group LLC owned about 0.26% of Putnam BDC Income ETF at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new position in Putnam BDC Income ETF in the fourth quarter valued at approximately $31,000. Encompass More Asset Management acquired a new stake in Putnam BDC Income ETF during the 4th quarter worth $214,000. Guidance Capital Inc. acquired a new stake in Putnam BDC Income ETF during the 4th quarter worth $247,000. Focused Alpha LLC bought a new stake in shares of Putnam BDC Income ETF during the 4th quarter valued at $277,000. Finally, HighTower Advisors LLC bought a new stake in shares of Putnam BDC Income ETF during the 4th quarter valued at $280,000.

Putnam BDC Income ETF Stock Up 0.2%

PBDC stock opened at $26.71 on Wednesday. The business’s fifty day moving average is $26.98 and its 200-day moving average is $27.96. The company has a market cap of $279.12 million, a P/E ratio of 10.61 and a beta of 0.52. Putnam BDC Income ETF has a twelve month low of $26.07 and a twelve month high of $34.98.

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. PBDC was launched on Sep 29, 2022 and is managed by Putnam.