Corient Private Wealth LLC Buys 19,087 Shares of Putnam BDC Income ETF $PBDC

Corient Private Wealth LLC raised its position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) by 30.8% in the second quarter, HoldingsChannel.com reports. The firm owned 81,115 shares of the company’s stock after purchasing an additional 19,087 shares during the quarter. Corient Private Wealth LLC’s holdings in Putnam BDC Income ETF were worth $2,745,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its stake in shares of Putnam BDC Income ETF by 60.4% in 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 last quarter. Condor Capital Management lifted its holdings in Putnam BDC Income ETF by 24.6% in the second quarter. Condor Capital Management now owns 159,241 shares of the company’s stock valued at $5,389,000 after buying an additional 31,458 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Putnam BDC Income ETF by 60.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 96,475 shares of the company’s stock valued at $3,265,000 after acquiring an additional 36,444 shares during the last quarter. Stonebridge Financial Planning Group LLC grew its holdings in 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 worth $2,959,000 after acquiring an additional 1,543 shares during the period. Finally, Avantax Advisory Services Inc. grew its holdings in Putnam BDC Income ETF by 3.8% during the 2nd quarter. Avantax Advisory Services Inc. now owns 60,063 shares of the company’s stock worth $2,033,000 after acquiring an additional 2,224 shares during the period.

Putnam BDC Income ETF Price Performance

Shares of NYSEARCA:PBDC opened at $30.12 on Tuesday. The company has a market capitalization of $240.96 million, a price-to-earnings ratio of 10.61 and a beta of 0.58. The business’s 50-day moving average is $30.76 and its 200-day moving average is $32.39. Putnam BDC Income ETF has a 1 year low of $27.85 and a 1 year high of $36.86.

Putnam BDC Income ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 19th will be paid a $0.8251 dividend. This represents a $3.30 annualized dividend and a yield of 11.0%. This is a boost from Putnam BDC Income ETF’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Friday, December 19th.

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.