Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sets New 1-Year Low – Should You Sell?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $47.02 and last traded at $47.07, with a volume of 40871 shares changing hands. The stock had previously closed at $47.13.

Putnam ESG Core Bond ETF Trading Down 0.1%

The business’s 50-day moving average price is $49.26 and its two-hundred day moving average price is $49.40.

Putnam ESG Core Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $2.5169 per share. This represents a c) annualized dividend and a yield of 64.2%. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PCRB. JPMorgan Chase & Co. acquired a new stake in shares of Putnam ESG Core Bond ETF during the third quarter worth about $36,000. Jane Street Group LLC grew its position in shares of Putnam ESG Core Bond ETF by 65.8% in the 4th quarter. Jane Street Group LLC now owns 13,232 shares of the company’s stock valued at $652,000 after purchasing an additional 5,249 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Putnam ESG Core Bond ETF in the 3rd quarter valued at approximately $1,303,000. Riverwater Partners LLC increased its stake in Putnam ESG Core Bond ETF by 9.3% during 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 in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Putnam ESG Core Bond ETF during the 3rd quarter worth approximately $10,145,000.

Putnam ESG Core Bond ETF Company Profile

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.