Raymond James Financial Inc. Takes $3.98 Million Position in Putnam BDC Income ETF (NYSEARCA:PBDC)

Raymond James Financial Inc. bought a new position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 115,677 shares of the company’s stock, valued at approximately $3,982,000. Raymond James Financial Inc. owned approximately 0.05% of Putnam BDC Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PBDC. Smith Moore & CO. acquired a new stake in Putnam BDC Income ETF during the fourth quarter valued at approximately $1,322,000. Corient Private Wealth LLC boosted its position in shares of Putnam BDC Income ETF by 70.4% in the fourth quarter. Corient Private Wealth LLC now owns 54,106 shares of the company’s stock worth $1,862,000 after buying an additional 22,361 shares during the period. Commonwealth Equity Services LLC grew its stake in Putnam BDC Income ETF by 1.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 103,260 shares of the company’s stock valued at $3,554,000 after acquiring an additional 1,974 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Putnam BDC Income ETF by 18.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 54,866 shares of the company’s stock valued at $1,888,000 after purchasing an additional 8,698 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Putnam BDC Income ETF by 8.1% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,375 shares of the company’s stock valued at $426,000 after acquiring an additional 931 shares in the last quarter.

Putnam BDC Income ETF Price Performance

Shares of PBDC stock opened at $31.95 on Friday. The firm has a market cap of $187.87 million, a P/E ratio of 8.62 and a beta of 0.68. The stock’s 50-day moving average is $33.40 and its two-hundred day moving average is $34.08. Putnam BDC Income ETF has a fifty-two week low of $27.85 and a fifty-two week high of $36.86.

Putnam BDC Income ETF Profile

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.