Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Strong Trading Volume – Here’s What Happened

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw strong trading volume on Monday . 51,853 shares changed hands during trading, an increase of 176% from the previous session’s volume of 18,769 shares.The stock last traded at $49.4250 and had previously closed at $49.37.

Putnam ESG Core Bond ETF Price Performance

The stock has a 50 day simple moving average of $49.52 and a two-hundred day simple moving average of $49.22.

Putnam ESG Core Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were issued a dividend of $0.197 per share. The ex-dividend date was Friday, December 19th. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Institutional Trading of Putnam ESG Core Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Putnam ESG Core Bond ETF by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock worth $838,643,000 after purchasing an additional 868,774 shares during the last quarter. Jane Street Group LLC raised its stake in 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 acquiring an additional 284,581 shares during the period. Susquehanna International Group LLP acquired a new stake in Putnam ESG Core Bond ETF during the 3rd quarter valued at $10,145,000. Riverwater Partners LLC boosted its position in Putnam ESG Core Bond ETF by 9.3% during 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 during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of Putnam ESG Core Bond ETF in the third quarter valued at $1,303,000.

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. PCRB was launched on Jan 19, 2023 and is managed by Putnam.