NewEdge Advisors LLC Takes $1.83 Million Position in Putnam BDC Income ETF $PBDC

NewEdge Advisors LLC purchased a new stake in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 66,469 shares of the company’s stock, valued at approximately $1,833,000.

Other large investors have also recently added to or reduced their stakes in the company. Condor Capital Management increased its stake in Putnam BDC Income ETF by 106.0% during the fourth quarter. Condor Capital Management now owns 340,779 shares of the company’s stock worth $10,428,000 after acquiring an additional 175,321 shares during the last quarter. Cetera Investment Advisers raised its position in Putnam BDC Income ETF by 105.2% in the first quarter. Cetera Investment Advisers now owns 218,025 shares of the company’s stock valued at $6,013,000 after purchasing an additional 111,763 shares during the period. Raymond James Financial Inc. lifted its stake in shares of 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 purchasing an additional 70,913 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Putnam BDC Income ETF by 12,450.7% in the 4th quarter. Farther Finance Advisors LLC now owns 37,652 shares of the company’s stock valued at $1,152,000 after purchasing an additional 37,352 shares during the last quarter. Finally, Shade Tree Advisors LLC acquired a new position in shares of Putnam BDC Income ETF in the 4th quarter valued at $970,000.

Putnam BDC Income ETF Trading Down 1.2%

NYSEARCA PBDC opened at $28.33 on Friday. The stock has a fifty day simple moving average of $27.00 and a 200-day simple moving average of $27.53. The stock has a market cap of $303.98 million, a PE ratio of 10.61 and a beta of 0.52. Putnam BDC Income ETF has a twelve month low of $25.94 and a twelve month high of $34.00.

Putnam BDC Income ETF 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.