Confluence Investment Management LLC Invests $846,000 in Putnam BDC Income ETF $PBDC

Confluence Investment Management LLC acquired a new stake in Putnam BDC Income ETF (NYSEARCA:PBDC) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 27,635 shares of the company’s stock, valued at approximately $846,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PBDC. Raymond James Financial Inc. raised its position in 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 worth $6,376,000 after purchasing an additional 70,913 shares during the period. Condor Capital Management boosted its position in Putnam BDC Income ETF by 3.9% during the third quarter. Condor Capital Management now owns 165,458 shares of the company’s stock valued at $5,258,000 after buying an additional 6,217 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of 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 buying an additional 57,471 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of 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 buying an additional 36,444 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC increased its holdings in shares of Putnam BDC Income ETF by 1.0% in the third quarter. Stonebridge Financial Planning Group LLC now owns 88,299 shares of the company’s stock worth $2,806,000 after buying an additional 854 shares during the period.

Putnam BDC Income ETF Trading Down 1.7%

NYSEARCA PBDC opened at $27.12 on Friday. Putnam BDC Income ETF has a 1-year low of $26.22 and a 1-year high of $35.22. The stock has a 50-day moving average of $28.81 and a 200-day moving average of $30.33. The firm has a market cap of $227.27 million, a PE ratio of 10.61 and a beta of 0.58.

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.