Putnam BDC Income ETF $PBDC Shares Bought by Condor Capital Management

Condor Capital Management grew its holdings in Putnam BDC Income ETF (NYSEARCA:PBDC) by 106.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,779 shares of the company’s stock after buying an additional 175,321 shares during the quarter. Condor Capital Management owned 4.07% of Putnam BDC Income ETF worth $10,428,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PBDC. Raymond James Financial Inc. grew its stake 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 valued at $6,376,000 after acquiring an additional 70,913 shares during the period. Haven Private LLC acquired a new position in Putnam BDC Income ETF during the third quarter worth $1,655,000. Farther Finance Advisors LLC raised its position in Putnam BDC Income ETF by 12,450.7% during the fourth quarter. Farther Finance Advisors LLC now owns 37,652 shares of the company’s stock worth $1,152,000 after acquiring an additional 37,352 shares during the period. GoalVest Advisory LLC purchased a new position in Putnam BDC Income ETF during the fourth quarter valued at $1,047,000. Finally, Shade Tree Advisors LLC purchased a new position in Putnam BDC Income ETF during the fourth quarter valued at $970,000.

Putnam BDC Income ETF Stock Down 1.1%

Shares of NYSEARCA PBDC opened at $26.76 on Friday. The firm has a market cap of $260.91 million, a price-to-earnings ratio of 10.61 and a beta of 0.55. The company’s 50-day simple moving average is $27.45 and its 200-day simple moving average is $29.10. Putnam BDC Income ETF has a 52-week low of $26.22 and a 52-week high of $35.18.

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.