Franklin Resources Inc. Acquires 279,697 Shares of Putnam ESG High Yield ETF $PHYD

Franklin Resources Inc. boosted its holdings in shares of Putnam ESG High Yield ETF (NYSEARCA:PHYD) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,237,223 shares of the company’s stock after acquiring an additional 279,697 shares during the period. Franklin Resources Inc. owned about 95.22% of Putnam ESG High Yield ETF worth $220,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Jane Street Group LLC grew its holdings in Putnam ESG High Yield ETF by 41.5% during the 2nd quarter. Jane Street Group LLC now owns 51,408 shares of the company’s stock worth $2,673,000 after acquiring an additional 15,085 shares in the last quarter.

Putnam ESG High Yield ETF Price Performance

Shares of Putnam ESG High Yield ETF stock opened at $50.85 on Wednesday. Putnam ESG High Yield ETF has a 1 year low of $49.56 and a 1 year high of $52.70. The firm’s 50-day moving average is $50.88 and its two-hundred day moving average is $51.46. The stock has a market cap of $7.63 million, a price-to-earnings ratio of 4.98 and a beta of 0.28.

Putnam ESG High Yield ETF Company Profile

The Putnam ESG High Yield ETF (PHYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in long- and intermediate-term US high-yield corporate bonds that meet certain environmental, social and governance criteria on a sector-specific basis. PHYD was launched on Jan 19, 2023 and is managed by Putnam.