Putnam BDC Income ETF (NYSEARCA:PBDC) Stock Falls 0.6% – Should You Sell?

Putnam BDC Income ETF (NYSEARCA:PBDC) fell 0.6% on Tuesday. The company traded as low as $25.18 and last traded at $25.31. Approximately 249,177 shares were traded during trading, an increase of 96% from the average session volume of 126,986 shares. The stock had previously closed at $25.46.

Putnam BDC Income ETF Trading Up 2.1%

The company has a 50 day moving average of $27.48 and a 200 day moving average of $27.27. The firm has a market cap of $278.07 million, a price-to-earnings ratio of 10.61 and a beta of 0.55.

Institutional Investors Weigh In On Putnam BDC Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Miller Global Investments LLC grew its position in shares of Putnam BDC Income ETF by 48.9% during the 3rd quarter. Miller Global Investments LLC now owns 2,003 shares of the company’s stock worth $54,000 after buying an additional 658 shares during the period. Citadel Advisors LLC acquired a new position in Putnam BDC Income ETF in the second quarter valued at about $205,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of Putnam BDC Income ETF by 11,626.9% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 7,857 shares of the company’s stock valued at $214,000 after purchasing an additional 7,790 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Putnam BDC Income ETF by 3.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 18,122 shares of the company’s stock valued at $493,000 after buying an additional 608 shares in the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of Putnam BDC Income ETF during the first quarter worth $705,000.

Putnam BDC Income ETF Company 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.