Independent Financial Group LLC Takes Position in Putnam BDC Income ETF $PBDC

Independent Financial Group LLC purchased a new stake in Putnam BDC Income ETF (NYSEARCA:PBDC) during the first quarter, according to its most recent filing with the SEC. The firm purchased 25,550 shares of the company’s stock, valued at approximately $705,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in Putnam BDC Income ETF during the fourth quarter valued at approximately $31,000. Encompass More Asset Management acquired a new stake in Putnam BDC Income ETF in the fourth quarter worth $214,000. Guidance Capital Inc. bought a new position in shares of Putnam BDC Income ETF during the fourth quarter worth $247,000. Focused Alpha LLC bought a new position in shares of Putnam BDC Income ETF during the fourth quarter worth $277,000. Finally, HighTower Advisors LLC bought a new position in shares of Putnam BDC Income ETF during the fourth quarter worth $280,000.

Putnam BDC Income ETF Stock Up 0.2%

Shares of PBDC stock opened at $26.71 on Wednesday. Putnam BDC Income ETF has a 12-month low of $26.07 and a 12-month high of $34.98. The firm has a fifty day moving average of $26.98 and a 200-day moving average of $27.96. The firm has a market capitalization of $279.12 million, a price-to-earnings 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.