RFG Advisory LLC Has $1.38 Million Stake in Putnam BDC Income ETF $PBDC

RFG Advisory LLC raised its holdings in Putnam BDC Income ETF (NYSEARCA:PBDC) by 65.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,288 shares of the company’s stock after purchasing an additional 17,057 shares during the period. RFG Advisory LLC owned approximately 0.54% of Putnam BDC Income ETF worth $1,376,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in shares of Putnam BDC Income ETF in the second quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC raised its holdings in Putnam BDC Income ETF by 95.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 18,400 shares of the company’s stock valued at $623,000 after acquiring an additional 9,000 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Putnam BDC Income ETF by 9.0% during the 2nd quarter. D.A. Davidson & CO. now owns 15,036 shares of the company’s stock valued at $509,000 after acquiring an additional 1,245 shares during the period. Prosperity Financial Group Inc. grew its holdings in shares of Putnam BDC Income ETF by 8.5% during the 2nd quarter. Prosperity Financial Group Inc. now owns 48,530 shares of the company’s stock worth $1,642,000 after purchasing an additional 3,810 shares in the last quarter. Finally, 3EDGE Asset Management LP grew its holdings in shares of Putnam BDC Income ETF by 4.8% during the 2nd quarter. 3EDGE Asset Management LP now owns 33,435 shares of the company’s stock worth $1,131,000 after purchasing an additional 1,531 shares in the last quarter.

Putnam BDC Income ETF Stock Down 0.7%

PBDC stock opened at $29.44 on Thursday. Putnam BDC Income ETF has a 52 week low of $27.85 and a 52 week high of $36.86. The business has a 50-day simple moving average of $30.62 and a 200 day simple moving average of $31.47. The company has a market cap of $246.71 million, a PE ratio of 10.61 and a beta of 0.58.

Putnam BDC Income ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 19th were issued a dividend of $0.8251 per share. This is a boost from Putnam BDC Income ETF’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Friday, December 19th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 11.2%.

Putnam BDC Income ETF Profile

The Putnam BDC Income ETF (PBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies. PBDC was launched on Sep 29, 2022 and is managed by Putnam.