Stonebridge Financial Planning Group LLC Boosts Position in Putnam BDC Income ETF (NYSEARCA:PBDC)

Stonebridge Financial Planning Group LLC increased its holdings in Putnam BDC Income ETF (NYSEARCA:PBDC) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,777 shares of the company’s stock after buying an additional 13,120 shares during the quarter. Putnam BDC Income ETF accounts for about 1.1% of Stonebridge Financial Planning Group LLC’s investment portfolio, making the stock its 23rd largest position. Stonebridge Financial Planning Group LLC owned approximately 5.37% of Putnam BDC Income ETF worth $1,956,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its stake in shares of Putnam BDC Income ETF by 26.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 85,666 shares of the company’s stock valued at $2,708,000 after acquiring an additional 17,966 shares during the period. Prosperity Financial Group Inc. bought a new stake in Putnam BDC Income ETF during the third quarter worth approximately $1,645,000. Janney Montgomery Scott LLC purchased a new stake in Putnam BDC Income ETF during the 3rd quarter valued at $457,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Putnam BDC Income ETF during the 4th quarter valued at about $241,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of Putnam BDC Income ETF during the third quarter valued at approximately $238,000.

Putnam BDC Income ETF Price Performance

Shares of PBDC stock traded down $0.17 during mid-day trading on Tuesday, hitting $33.94. The stock had a trading volume of 10,909 shares, compared to its average volume of 31,151. Putnam BDC Income ETF has a 12-month low of $26.62 and a 12-month high of $34.19. The firm’s 50-day moving average is $33.05 and its two-hundred day moving average is $32.02. The firm has a market capitalization of $77.38 million, a P/E ratio of 15.50 and a beta of 0.61.

About Putnam BDC Income ETF

The Putnam BDC Income ETF (PBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies.