Haven Private LLC Acquires New Holdings in Putnam BDC Income ETF $PBDC

Haven Private LLC bought a new position in Putnam BDC Income ETF (NYSEARCA:PBDC) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 52,087 shares of the company’s stock, valued at approximately $1,655,000. Haven Private LLC owned 0.65% of Putnam BDC Income ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PBDC. Ameritas Advisory Services LLC purchased a new position in shares of Putnam BDC Income ETF in the 2nd quarter worth $29,000. Allspring Global Investments Holdings LLC boosted its position in Putnam BDC Income ETF by 95.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the company’s stock worth $623,000 after purchasing an additional 9,000 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Putnam BDC Income ETF by 9.0% during the 2nd quarter. D.A. Davidson & CO. now owns 15,036 shares of the company’s stock valued at $509,000 after purchasing an additional 1,245 shares during the period. Prosperity Financial Group Inc. increased its position in shares of Putnam BDC Income ETF by 8.5% during the 2nd quarter. Prosperity Financial Group Inc. now owns 48,530 shares of the company’s stock valued at $1,642,000 after purchasing an additional 3,810 shares during the last quarter. Finally, 3EDGE Asset Management LP increased its position in shares of Putnam BDC Income ETF by 4.8% during the 2nd quarter. 3EDGE Asset Management LP now owns 33,435 shares of the company’s stock valued at $1,131,000 after purchasing an additional 1,531 shares during the last quarter.

Putnam BDC Income ETF Trading Down 0.7%

PBDC opened at $29.44 on Thursday. The company’s 50 day moving average is $30.62 and its 200 day moving average is $31.47. The company has a market cap of $246.71 million, a price-to-earnings ratio of 10.61 and a beta of 0.58. Putnam BDC Income ETF has a 12-month low of $27.85 and a 12-month high of $36.86.

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 given a dividend of $0.8251 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend 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.