Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Large Volume Increase – Should You Buy?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw an uptick in trading volume on Monday . 9,588 shares changed hands during mid-day trading, a decline of 22% from the previous session’s volume of 12,331 shares.The stock last traded at $49.3790 and had previously closed at $49.33.

Putnam ESG Core Bond ETF Stock Performance

The business has a 50-day simple moving average of $49.44 and a 200-day simple moving average of $49.27.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were issued a dividend of $0.197 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, December 19th. This is a boost from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PCRB. Jane Street Group LLC increased its position in Putnam ESG Core Bond ETF by 1,753.6% during the first quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock valued at $14,692,000 after acquiring an additional 284,581 shares during the last quarter. Riverwater Partners LLC boosted its stake in shares of Putnam ESG Core Bond ETF by 63.9% during the 2nd quarter. Riverwater Partners LLC now owns 51,178 shares of the company’s stock worth $2,506,000 after purchasing an additional 19,952 shares during the period. Franklin Resources Inc. boosted its stake in shares of Putnam ESG Core Bond ETF by 10.2% during the 2nd quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock worth $788,559,000 after purchasing an additional 1,492,438 shares during the period. JPMorgan Chase & Co. bought a new position in Putnam ESG Core Bond ETF during the 3rd quarter valued at about $36,000. Finally, Flow Traders U.S. LLC purchased a new stake in Putnam ESG Core Bond ETF in the 3rd quarter worth about $1,303,000.

About Putnam ESG Core Bond ETF

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.