Putnam BDC Income ETF (NYSEARCA:PBDC) Stock Price Up 2% – Time to Buy?

Putnam BDC Income ETF (NYSEARCA:PBDC)’s share price traded up 2% during trading on Wednesday. The company traded as high as $26.94 and last traded at $26.68. 47,300 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 125,141 shares. The stock had previously closed at $26.15.

Putnam BDC Income ETF Price Performance

The stock has a market cap of $277.57 million, a PE ratio of 13.09 and a beta of 0.55. The company has a 50 day moving average price of $26.61 and a two-hundred day moving average price of $27.38.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in Putnam BDC Income ETF in the 3rd quarter worth $123,000. Commonwealth Equity Services LLC purchased a new stake in Putnam BDC Income ETF in the 3rd quarter worth $525,000. Park Avenue Securities LLC purchased a new stake in Putnam BDC Income ETF in the 3rd quarter worth $450,000. Apollon Wealth Management LLC increased its stake in Putnam BDC Income ETF by 1.7% in the 3rd quarter. Apollon Wealth Management LLC now owns 58,210 shares of the company’s stock worth $1,567,000 after buying an additional 958 shares in the last quarter. Finally, Samalin Investment Counsel LLC grew its position in shares of Putnam BDC Income ETF by 33.3% during the third quarter. Samalin Investment Counsel LLC now owns 10,475 shares of the company’s stock worth $282,000 after purchasing an additional 2,618 shares in the last quarter.

Putnam BDC Income ETF Company 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.