Putnam BDC Income ETF (NYSEARCA:PBDC) Stock Price Down 0.9% – Here’s Why

Putnam BDC Income ETF (NYSEARCA:PBDC)’s share price was down 0.9% on Monday . The company traded as low as $26.33 and last traded at $26.65. Approximately 195,887 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 142,285 shares. The stock had previously closed at $26.90.

Putnam BDC Income ETF Stock Performance

The company has a 50 day moving average of $26.99 and a two-hundred day moving average of $27.99. The stock has a market capitalization of $278.49 million, a PE ratio of 10.61 and a beta of 0.52.

Institutional Investors Weigh In On Putnam BDC Income ETF

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new position in shares of Putnam BDC Income ETF during the fourth quarter valued at about $31,000. Encompass More Asset Management acquired a new stake in Putnam BDC Income ETF in the 4th quarter worth approximately $214,000. Guidance Capital Inc. purchased a new stake in Putnam BDC Income ETF during the 4th quarter worth approximately $247,000. Focused Alpha LLC purchased a new stake in Putnam BDC Income ETF during the 4th quarter worth approximately $277,000. Finally, HighTower Advisors LLC purchased a new stake in Putnam BDC Income ETF during the 4th quarter worth approximately $280,000.

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.