Putnam ESG Ultra Short ETF (NYSEARCA:PULT) Raises Dividend to $0.20 Per Share

Putnam ESG Ultra Short ETF (NYSEARCA:PULT) announced a monthly dividend on Monday, December 29th. Investors of record on Tuesday, December 30th will be given a dividend of 0.2018 per share on Friday, January 2nd. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, December 30th. This is a 7.5% increase from Putnam ESG Ultra Short ETF’s previous monthly dividend of $0.19.

Putnam ESG Ultra Short ETF Stock Down 0.4%

Putnam ESG Ultra Short ETF stock traded down $0.19 during trading hours on Tuesday, hitting $50.61. 5,291 shares of the company traded hands, compared to its average volume of 16,161. Putnam ESG Ultra Short ETF has a 1-year low of $50.37 and a 1-year high of $50.84. The firm’s 50-day simple moving average is $50.71 and its two-hundred day simple moving average is $50.68.

Institutional Investors Weigh In On Putnam ESG Ultra Short ETF

A number of institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in shares of Putnam ESG Ultra Short ETF during the 2nd quarter valued at $60,000. LexAurum Advisors LLC lifted its holdings in shares of Putnam ESG Ultra Short ETF by 13.0% in the third quarter. LexAurum Advisors LLC now owns 14,390 shares of the company’s stock valued at $731,000 after buying an additional 1,652 shares during the period. Royal Bank of Canada boosted its stake in Putnam ESG Ultra Short ETF by 3.2% during the first quarter. Royal Bank of Canada now owns 67,942 shares of the company’s stock valued at $3,442,000 after buying an additional 2,120 shares in the last quarter. Jane Street Group LLC grew its holdings in Putnam ESG Ultra Short ETF by 64.4% during the second quarter. Jane Street Group LLC now owns 20,300 shares of the company’s stock worth $1,029,000 after acquiring an additional 7,951 shares during the period. Finally, Scotia Capital Inc. raised its position in Putnam ESG Ultra Short ETF by 108.9% in the second quarter. Scotia Capital Inc. now owns 29,730 shares of the company’s stock worth $1,507,000 after acquiring an additional 15,498 shares in the last quarter.

About Putnam ESG Ultra Short ETF

The Putnam ESG Ultra Short ETF (PULT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively invests in investment grade fixed income securities from around the world that meet certain environmental, social and governance criteria on a sector-specific basis.The fund expects to have an average weighted maturity of four years or less. PULT was launched on Jan 19, 2023 and is managed by Putnam.