Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Strong Trading Volume – Still a Buy?

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw strong trading volume on Tuesday . 20,618 shares traded hands during trading, an increase of 15% from the previous session’s volume of 17,864 shares.The stock last traded at $49.4010 and had previously closed at $49.31.

Putnam ESG Core Bond ETF Trading Up 0.2%

The business’s 50-day simple moving average is $49.57 and its 200 day simple moving average is $49.16.

Putnam ESG Core Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 25th. Investors of record on Friday, November 21st were paid a $0.1667 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in shares of Putnam ESG Core Bond ETF during the 3rd quarter worth $36,000. Riverwater Partners LLC raised its holdings 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 worth $2,764,000 after purchasing an additional 4,773 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of Putnam ESG Core Bond ETF by 211.7% during the first quarter. Flow Traders U.S. LLC now owns 35,412 shares of the company’s stock valued at $1,730,000 after buying an additional 24,050 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Putnam ESG Core Bond ETF during the third quarter valued at about $10,145,000. Finally, Jane Street Group LLC boosted its holdings in shares of Putnam ESG Core Bond ETF by 1,753.6% in the 1st quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock valued at $14,692,000 after buying an additional 284,581 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.