Franklin Resources Inc. Acquires 279,697 Shares of Putnam ESG High Yield ETF $PHYD

Franklin Resources Inc. raised its position in shares of Putnam ESG High Yield ETF (NYSEARCA:PHYD) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,237,223 shares of the company’s stock after buying an additional 279,697 shares during the period. Franklin Resources Inc. owned 0.95% of Putnam ESG High Yield ETF worth $220,775,000 as of its most recent SEC filing.

Separately, Dynamic Advisor Solutions LLC purchased a new stake in shares of Putnam ESG High Yield ETF during the fourth quarter valued at about $464,000.

Putnam ESG High Yield ETF Stock Performance

PHYD stock opened at $50.85 on Wednesday. The firm has a market cap of $7.63 million, a price-to-earnings ratio of 4.98 and a beta of 0.28. The firm has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $51.46. Putnam ESG High Yield ETF has a one year low of $49.56 and a one year high of $52.70.

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.