Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Unusually-High Trading Volume Following Dividend Announcement

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw strong trading volume on Monday following a dividend announcement from the company. 48,325 shares were traded during mid-day trading, an increase of 185% from the previous session’s volume of 16,949 shares.The stock last traded at $49.25 and had previously closed at $49.38.

The newly announced dividend which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.1721 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Putnam ESG Core Bond ETF Trading Down 0.3%

The firm has a 50-day moving average of $49.42 and a two-hundred day moving average of $49.35.

Hedge Funds Weigh In On Putnam ESG Core Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of Putnam ESG Core Bond ETF during the third quarter worth $36,000. Riverwater Partners LLC grew its holdings in shares of Putnam ESG Core Bond ETF by 9.3% during the third quarter. Riverwater Partners LLC now owns 55,951 shares of the company’s stock worth $2,764,000 after purchasing an additional 4,773 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Putnam ESG Core Bond ETF in the third quarter valued at about $1,303,000. Susquehanna International Group LLP bought a new stake in Putnam ESG Core Bond ETF during the third quarter valued at $10,145,000. Finally, Franklin Resources Inc. boosted its stake in Putnam ESG Core Bond ETF by 5.4% during the third quarter. Franklin Resources Inc. now owns 16,974,864 shares of the company’s stock worth $838,643,000 after acquiring an additional 868,774 shares in the last quarter.

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.