Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sets New 52-Week Low – Should You Sell?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $47.44 and last traded at $47.5140, with a volume of 206 shares trading hands. The stock had previously closed at $49.96.

Putnam ESG Core Bond ETF Trading Up 0.2%

The business has a fifty day moving average price of $49.39 and a two-hundred day moving average price of $49.44.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be issued a $2.5169 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 63.7%. This is an increase from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PCRB. JPMorgan Chase & Co. purchased a new position in shares of Putnam ESG Core Bond ETF during the third quarter worth $36,000. Jane Street Group LLC grew its position in 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 acquiring an additional 5,249 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Putnam ESG Core Bond ETF during the third quarter worth about $1,303,000. Riverwater Partners LLC increased its stake in 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 period. Finally, Susquehanna International Group LLP purchased 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.