Shade Tree Advisors LLC Purchases New Holdings in Putnam BDC Income ETF $PBDC

Shade Tree Advisors LLC purchased a new position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) during the fourth quarter, Holdings Channel reports. The firm purchased 31,700 shares of the company’s stock, valued at approximately $970,000. Putnam BDC Income ETF makes up approximately 0.7% of Shade Tree Advisors LLC’s holdings, making the stock its 10th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Miller Global Investments LLC acquired a new stake in Putnam BDC Income ETF during the fourth quarter worth about $44,000. Encompass More Asset Management acquired a new position in Putnam BDC Income ETF during the fourth quarter valued at approximately $214,000. Guidance Capital Inc. acquired a new position in Putnam BDC Income ETF during the fourth quarter valued at approximately $247,000. Advyzon Investment Management LLC lifted its stake in Putnam BDC Income ETF by 12.2% during the third quarter. Advyzon Investment Management LLC now owns 8,872 shares of the company’s stock worth $282,000 after purchasing an additional 962 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Putnam BDC Income ETF by 20.1% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,128 shares of the company’s stock worth $290,000 after purchasing an additional 1,528 shares during the last quarter.

Putnam BDC Income ETF Stock Performance

Shares of PBDC stock opened at $27.21 on Tuesday. Putnam BDC Income ETF has a fifty-two week low of $26.22 and a fifty-two week high of $35.18. The stock’s fifty day moving average price is $27.47 and its two-hundred day moving average price is $29.32. The company has a market cap of $265.30 million, a PE ratio of 10.61 and a beta of 0.55.

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.