Putnam ESG High Yield ETF (NYSEARCA:PHYD) Declares $0.26 Monthly Dividend

Putnam ESG High Yield ETF (NYSEARCA:PHYD) declared a monthly dividend on Thursday, November 20th. Shareholders of record on Friday, November 21st will be given a dividend of 0.2555 per share on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, November 21st.

Putnam ESG High Yield ETF Stock Performance

Shares of PHYD opened at $52.07 on Friday. The firm has a market capitalization of $217.65 million, a P/E ratio of 4.98 and a beta of 0.31. Putnam ESG High Yield ETF has a 52 week low of $48.79 and a 52 week high of $52.70. The stock has a 50 day moving average price of $52.30 and a two-hundred day moving average price of $51.94.

Institutional Investors Weigh In On Putnam ESG High Yield ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PHYD. Franklin Resources Inc. lifted its stake in Putnam ESG High Yield ETF by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,957,526 shares of the company’s stock valued at $206,773,000 after acquiring an additional 177,382 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Putnam ESG High Yield ETF by 41.5% in the second quarter. Jane Street Group LLC now owns 51,408 shares of the company’s stock valued at $2,673,000 after purchasing an additional 15,085 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Putnam ESG High Yield ETF in the second quarter valued at about $904,000. Finally, Bank of Montreal Can bought a new position in shares of Putnam ESG High Yield ETF during the second quarter valued at about $3,383,000.

About Putnam ESG High Yield ETF

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.