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

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) shares saw unusually-strong trading volume on Tuesday . Approximately 43,150 shares changed hands during mid-day trading, an increase of 204% from the previous session’s volume of 14,191 shares.The stock last traded at $49.2750 and had previously closed at $49.49.

Putnam ESG Core Bond ETF Stock Down 0.3%

The firm’s fifty day moving average is $49.44 and its 200 day moving average is $49.30.

Putnam ESG Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a $0.197 dividend. 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. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Trading of Putnam ESG Core Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its position in Putnam ESG Core Bond ETF by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock worth $838,643,000 after buying an additional 868,774 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Putnam ESG Core Bond ETF in the third quarter worth $10,145,000. Riverwater Partners LLC grew its stake in shares of Putnam ESG Core Bond ETF by 9.3% in the third quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock worth $2,764,000 after acquiring an additional 4,773 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Putnam ESG Core Bond ETF during the third quarter worth $1,303,000. Finally, JPMorgan Chase & Co. acquired a new position in Putnam ESG Core Bond ETF during the 3rd quarter valued at $36,000.

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.