Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Hits New 12-Month Low – Here’s Why

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) reached a new 52-week low during trading on Thursday . The company traded as low as $46.40 and last traded at $46.40, with a volume of 10 shares. The stock had previously closed at $46.47.

Putnam ESG Core Bond ETF Stock Down 0.0%

The stock’s fifty day moving average is $48.47 and its two-hundred day moving average is $49.16.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $2.5169 dividend. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a yield of 65.1%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PCRB. Franklin Resources Inc. raised its holdings in shares of 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 purchasing an additional 868,774 shares during the period. Susquehanna International Group LLP bought a new position in Putnam ESG Core Bond ETF during the third quarter valued at $10,145,000. Flow Traders U.S. LLC purchased a new stake in Putnam ESG Core Bond ETF in the third quarter worth $1,303,000. Jane Street Group LLC increased its position in Putnam ESG Core Bond ETF by 65.8% in 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 last quarter. Finally, Riverwater Partners LLC raised 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 valued at $2,764,000 after buying an additional 4,773 shares during the period.

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.