Putnam ESG High Yield ETF (NYSEARCA:PHYD) to Issue Monthly Dividend of $0.61

Putnam ESG High Yield ETF (NYSEARCA:PHYD) announced a monthly dividend on Thursday, December 18th. Stockholders of record on Friday, December 19th will be given a dividend of 0.6079 per share on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, December 19th. This is a 137.9% increase from Putnam ESG High Yield ETF’s previous monthly dividend of $0.26.

Putnam ESG High Yield ETF Stock Performance

Shares of Putnam ESG High Yield ETF stock traded up $0.17 on Friday, hitting $52.56. The company’s stock had a trading volume of 3,967 shares, compared to its average volume of 5,819. The company has a market capitalization of $219.68 million, a price-to-earnings ratio of 4.98 and a beta of 0.31. Putnam ESG High Yield ETF has a 1 year low of $48.79 and a 1 year high of $52.70. The firm has a fifty day moving average price of $52.32 and a 200-day moving average price of $52.09.

Institutional Trading of Putnam ESG High Yield ETF

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

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.