18,809 Shares in Putnam BDC Income ETF $PBDC Purchased by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC acquired a new position in Putnam BDC Income ETF (NYSEARCA:PBDC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,809 shares of the company’s stock, valued at approximately $577,000.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in shares of Putnam BDC Income ETF by 60.4% during the 2nd quarter. Raymond James Financial Inc. now owns 188,406 shares of the company’s stock valued at $6,376,000 after purchasing an additional 70,913 shares during the period. Commonwealth Equity Services LLC lifted its position in Putnam BDC Income ETF by 56.1% during the third quarter. Commonwealth Equity Services LLC now owns 159,933 shares of the company’s stock valued at $5,083,000 after purchasing an additional 57,471 shares during the last quarter. Condor Capital Management grew its stake in Putnam BDC Income ETF by 24.6% in the 2nd quarter. Condor Capital Management now owns 159,241 shares of the company’s stock worth $5,389,000 after buying an additional 31,458 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Putnam BDC Income ETF by 60.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 96,475 shares of the company’s stock worth $3,265,000 after buying an additional 36,444 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC raised its position in shares of Putnam BDC Income ETF by 1.8% during the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 87,445 shares of the company’s stock valued at $2,959,000 after buying an additional 1,543 shares in the last quarter.

Putnam BDC Income ETF Stock Down 0.5%

PBDC opened at $30.66 on Tuesday. The business’s fifty day simple moving average is $30.77 and its 200 day simple moving average is $32.08. Putnam BDC Income ETF has a 52 week low of $27.85 and a 52 week high of $36.86. The stock has a market cap of $252.95 million, a PE ratio of 10.61 and a beta of 0.58.

Putnam BDC Income ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 19th were issued a $0.8251 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date was Friday, December 19th. This is a positive change from Putnam BDC Income ETF’s previous quarterly dividend of $0.82.

Putnam BDC Income ETF 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. PBDC was launched on Sep 29, 2022 and is managed by Putnam.