Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Hits New 52-Week Low – Time to Sell?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) shares hit a new 52-week low on Monday . The company traded as low as $47.02 and last traded at $47.07, with a volume of 40871 shares changing hands. The stock had previously closed at $47.13.

Putnam ESG Core Bond ETF Stock Down 0.1%

The company’s fifty day moving average price is $49.26 and its two-hundred day moving average price is $49.40.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $2.5169 dividend. This represents a c) dividend on an annualized basis and a yield of 64.2%. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11.

Institutional Trading of Putnam ESG Core Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of Putnam ESG Core Bond ETF by 10.2% in the 2nd quarter. Franklin Resources Inc. now owns 16,106,090 shares of the company’s stock valued at $788,559,000 after purchasing an additional 1,492,438 shares during the period. Jane Street Group LLC boosted its position in shares of Putnam ESG Core Bond ETF by 65.8% during the fourth quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock worth $652,000 after buying an additional 5,249 shares during the period. Susquehanna International Group LLP bought a new position in shares of Putnam ESG Core Bond ETF during the third quarter worth about $10,145,000. Flow Traders U.S. LLC acquired a new stake in Putnam ESG Core Bond ETF in the 3rd quarter valued at approximately $1,303,000. Finally, JPMorgan Chase & Co. acquired a new stake in Putnam ESG Core Bond ETF in the 3rd quarter valued at approximately $36,000.

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.