HBK Sorce Advisory LLC Buys New Shares in Putnam BDC Income ETF $PBDC

HBK Sorce Advisory LLC purchased a new stake in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,001 shares of the company’s stock, valued at approximately $541,000.

Other hedge funds have also recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its stake in shares of Putnam BDC Income ETF by 3.8% in the 2nd quarter. Avantax Advisory Services Inc. now owns 60,063 shares of the company’s stock valued at $2,033,000 after purchasing an additional 2,224 shares during the period. Apollon Wealth Management LLC bought a new stake in Putnam BDC Income ETF in the second quarter worth approximately $1,435,000. Allworth Financial LP acquired a new position in Putnam BDC Income ETF in the second quarter valued at approximately $68,000. Ameritas Advisory Services LLC bought a new position in shares of Putnam BDC Income ETF during the 2nd quarter worth approximately $29,000. Finally, Condor Capital Management grew its position in shares of Putnam BDC Income ETF by 24.6% during the 2nd quarter. Condor Capital Management now owns 159,241 shares of the company’s stock worth $5,389,000 after buying an additional 31,458 shares during the period.

Putnam BDC Income ETF Stock Up 1.0%

NYSEARCA:PBDC opened at $30.16 on Friday. Putnam BDC Income ETF has a twelve month low of $27.85 and a twelve month high of $36.86. The company has a fifty day moving average of $30.76 and a 200-day moving average of $32.33. The firm has a market capitalization of $241.28 million, a P/E ratio of 10.61 and a beta of 0.58.

Putnam BDC Income ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 19th will be issued a dividend of $0.8251 per share. This is an increase from Putnam BDC Income ETF’s previous quarterly dividend of $0.82. This represents a $3.30 annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Friday, December 19th.

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.