Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Trading Down 0.1% – Should You Sell?

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) traded down 0.1% on Thursday . The stock traded as low as $45.90 and last traded at $45.87. 115 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 118,701 shares. The stock had previously closed at $45.90.

Putnam ESG Core Bond ETF Stock Down 0.1%

The stock has a 50 day moving average of $45.90 and a 200 day moving average of $46.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Putnam ESG Core Bond ETF during the third quarter worth $36,000. Flow Traders U.S. LLC bought a new stake in Putnam ESG Core Bond ETF during the third quarter valued at $1,303,000. Susquehanna International Group LLP bought a new stake in Putnam ESG Core Bond ETF during the third quarter valued at $10,145,000. Franklin Resources Inc. grew its holdings in Putnam ESG Core Bond ETF by 4.6% during the 4th quarter. Franklin Resources Inc. now owns 17,761,094 shares of the company’s stock worth $875,791,000 after acquiring an additional 786,230 shares during the period. Finally, Riverwater Partners LLC grew its holdings in Putnam ESG Core Bond ETF by 2.7% during the 4th quarter. Riverwater Partners LLC now owns 57,473 shares of the company’s stock worth $2,834,000 after acquiring an additional 1,522 shares during the period.

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.