Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Unusually-High Trading Volume – Here’s What Happened

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw unusually-strong trading volume on Monday . Approximately 9,588 shares traded hands during trading, a decline of 22% from the previous session’s volume of 12,331 shares.The stock last traded at $49.3790 and had previously closed at $49.33.

Putnam ESG Core Bond ETF Price Performance

The company’s fifty day moving average is $49.44 and its 200-day moving average is $49.27.

Putnam ESG Core Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a $0.197 dividend. This is an increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Trading of Putnam ESG Core Bond ETF

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in Putnam ESG Core Bond ETF in the third quarter worth about $36,000. Riverwater Partners LLC lifted its stake in shares of Putnam ESG Core Bond ETF by 9.3% in the 3rd 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 period. Flow Traders U.S. LLC purchased a new position in shares of Putnam ESG Core Bond ETF in the third quarter worth approximately $1,303,000. Susquehanna International Group LLP purchased a new position in shares of Putnam ESG Core Bond ETF in the third quarter worth approximately $10,145,000. Finally, Jane Street Group LLC grew its position in Putnam ESG Core Bond ETF by 1,753.6% during the first quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock valued at $14,692,000 after buying an additional 284,581 shares during the period.

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.