NewEdge Advisors LLC bought a new stake in Putnam BDC Income ETF (NYSEARCA:PBDC – Free Report) in the first quarter, HoldingsChannel.com reports. The firm bought 66,469 shares of the company’s stock, valued at approximately $1,833,000.
Other large investors also recently bought and sold shares of the company. Shade Tree Advisors LLC purchased a new position in shares of Putnam BDC Income ETF in the 4th quarter valued at about $970,000. Farther Finance Advisors LLC raised its holdings in Putnam BDC Income ETF by 12,450.7% in the fourth quarter. Farther Finance Advisors LLC now owns 37,652 shares of the company’s stock valued at $1,152,000 after acquiring an additional 37,352 shares in the last quarter. Independent Financial Group LLC purchased a new position in Putnam BDC Income ETF in the first quarter worth approximately $705,000. Closed End Fund Advisors Inc. acquired a new position in Putnam BDC Income ETF during the 4th quarter worth approximately $871,000. Finally, Condor Capital Management grew its holdings in Putnam BDC Income ETF by 106.0% during the 4th quarter. Condor Capital Management now owns 340,779 shares of the company’s stock worth $10,428,000 after acquiring an additional 175,321 shares in the last quarter.
Putnam BDC Income ETF Trading Up 0.1%
Shares of NYSEARCA:PBDC opened at $26.38 on Friday. Putnam BDC Income ETF has a 52 week low of $25.94 and a 52 week high of $34.07. The company’s 50 day moving average is $26.86 and its two-hundred day moving average is $27.73. The company has a market cap of $281.74 million, a PE ratio of 10.61 and a beta of 0.52.
About Putnam BDC Income ETF
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.
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