Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Unusually-High Trading Volume – Here’s Why

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw an uptick in trading volume on Wednesday . 47,078 shares traded hands during mid-day trading, an increase of 161% from the previous session’s volume of 18,017 shares.The stock last traded at $49.3260 and had previously closed at $49.42.

Putnam ESG Core Bond ETF Stock Performance

The company has a 50-day simple moving average of $49.57 and a 200-day simple moving average of $48.93.

Putnam ESG Core Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 23rd were issued a dividend of $0.198 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Thursday, October 23rd. This is an increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.16.

Institutional Investors Weigh In On Putnam ESG Core Bond ETF

A number of hedge funds have recently made changes to their positions in PCRB. JPMorgan Chase & Co. purchased a new position in Putnam ESG Core Bond ETF during the 3rd quarter worth $36,000. Riverwater Partners LLC raised its stake in Putnam ESG Core Bond ETF by 9.3% in the third quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock valued at $2,764,000 after buying an additional 4,773 shares during the last quarter. Flow Traders U.S. LLC boosted its holdings in Putnam ESG Core Bond ETF by 211.7% in the first quarter. Flow Traders U.S. LLC now owns 35,412 shares of the company’s stock worth $1,730,000 after acquiring an additional 24,050 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Putnam ESG Core Bond ETF by 1,753.6% during the first quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock worth $14,692,000 after acquiring an additional 284,581 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Putnam ESG Core Bond ETF by 10.2% during the second quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock valued at $788,559,000 after acquiring an additional 1,492,438 shares in the last quarter.

Putnam ESG Core Bond ETF Company Profile

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.