Stonebridge Financial Planning Group LLC Buys 13,120 Shares of Putnam BDC Income ETF (NYSEARCA:PBDC)

Stonebridge Financial Planning Group LLC increased its stake in Putnam BDC Income ETF (NYSEARCA:PBDC) by 27.0% during the fourth quarter, HoldingsChannel reports. The firm owned 61,777 shares of the company’s stock after acquiring an additional 13,120 shares during the period. Putnam BDC Income ETF comprises approximately 1.1% of Stonebridge Financial Planning Group LLC’s portfolio, making the stock its 23rd biggest holding. Stonebridge Financial Planning Group LLC owned about 0.05% of Putnam BDC Income ETF worth $1,956,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prosperity Financial Group Inc. purchased a new stake in Putnam BDC Income ETF in the third quarter worth $1,645,000. Janney Montgomery Scott LLC bought a new position in Putnam BDC Income ETF during the 3rd quarter valued at about $457,000. CWM LLC purchased a new position in shares of Putnam BDC Income ETF in the 3rd quarter worth $120,000. Kestra Private Wealth Services LLC purchased a new stake in Putnam BDC Income ETF during the third quarter valued at approximately $238,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Putnam BDC Income ETF in the fourth quarter worth approximately $241,000.

Putnam BDC Income ETF Stock Down 0.5 %

NYSEARCA PBDC traded down $0.17 during trading on Tuesday, hitting $33.94. 10,909 shares of the stock traded hands, compared to its average volume of 31,151. The company has a market capitalization of $77.38 million, a P/E ratio of 15.50 and a beta of 0.61. Putnam BDC Income ETF has a 12-month low of $26.62 and a 12-month high of $34.19. The firm has a 50-day simple moving average of $33.05 and a 200-day simple moving average of $32.02.

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.