Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Trading Down 0.3% – Should You Sell?

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) dropped 0.3% during mid-day trading on Tuesday . The company traded as low as $45.58 and last traded at $45.58. Approximately 137 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 136,154 shares. The stock had previously closed at $45.71.

Putnam ESG Core Bond ETF Price Performance

The business has a 50-day simple moving average of $46.47 and a 200-day simple moving average of $48.30.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its holdings in shares of Putnam ESG Core Bond ETF by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock valued at $838,643,000 after acquiring an additional 868,774 shares during the last quarter. Riverwater Partners LLC increased its holdings in shares of Putnam ESG Core Bond ETF by 9.3% in the 3rd quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock valued at $2,764,000 after acquiring an additional 4,773 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Putnam ESG Core Bond ETF in the 3rd quarter valued at about $10,145,000. Flow Traders U.S. LLC purchased a new position in shares of Putnam ESG Core Bond ETF in the 3rd quarter valued at about $1,303,000. Finally, Jane Street Group LLC increased its holdings in shares of Putnam ESG Core Bond ETF by 65.8% in the 4th quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock valued at $652,000 after acquiring an additional 5,249 shares during the last quarter.

Putnam ESG Core Bond ETF Company Profile

The Putnam ESG Core Bond ETF (PCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund broadly invests in investment grade US fixed income securities that meet certain environmental, social and governance criteria on a sector-specific basis. The actively managed targets bonds with maturities of three years or more. PCRB was launched on Jan 19, 2023 and is managed by Putnam.