Franklin Resources Inc. Increases Stock Position in Putnam ESG High Yield ETF $PHYD

Franklin Resources Inc. boosted its holdings in Putnam ESG High Yield ETF (NYSEARCA:PHYD) by 4.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,957,526 shares of the company’s stock after buying an additional 177,382 shares during the period. Franklin Resources Inc. owned approximately 0.95% of Putnam ESG High Yield ETF worth $206,773,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC increased its holdings in shares of Putnam ESG High Yield ETF by 41.5% in the 2nd 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.

Putnam ESG High Yield ETF Price Performance

PHYD stock opened at $49.87 on Friday. The stock has a market capitalization of $221.92 million, a P/E 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 business has a fifty day moving average price of $51.89 and a 200-day moving average price of $52.13.

Putnam ESG High Yield ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $1.5092 dividend. This represents a c) annualized dividend and a yield of 36.3%. The ex-dividend date was Monday, March 2nd. This is a positive change from Putnam ESG High Yield ETF’s previous monthly dividend of $0.16.

Putnam ESG High Yield ETF 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.