Prosperity Financial Group Inc. Sells 27,625 Shares of Putnam BDC Income ETF (NYSEARCA:PBDC)

Prosperity Financial Group Inc. decreased its holdings in Putnam BDC Income ETF (NYSEARCA:PBDC) by 33.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,213 shares of the company’s stock after selling 27,625 shares during the period. Prosperity Financial Group Inc.’s holdings in Putnam BDC Income ETF were worth $1,935,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PBDC. Raymond James Financial Inc. bought a new position in shares of Putnam BDC Income ETF in the 4th quarter valued at about $3,982,000. RFG Advisory LLC lifted its stake in Putnam BDC Income ETF by 224.3% in the fourth quarter. RFG Advisory LLC now owns 26,854 shares of the company’s stock worth $924,000 after purchasing an additional 18,573 shares during the last quarter. MML Investors Services LLC bought a new stake in shares of Putnam BDC Income ETF during the third quarter valued at approximately $554,000. Newbridge Financial Services Group Inc. raised its stake in shares of Putnam BDC Income ETF by 40.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 44,456 shares of the company’s stock valued at $1,530,000 after acquiring an additional 12,837 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Putnam BDC Income ETF during the fourth quarter valued at approximately $243,000.

Putnam BDC Income ETF Stock Performance

Putnam BDC Income ETF stock opened at $33.87 on Wednesday. The company has a 50 day moving average price of $35.31 and a 200-day moving average price of $34.33. Putnam BDC Income ETF has a fifty-two week low of $30.76 and a fifty-two week high of $36.86. The company has a market capitalization of $184.59 million, a PE ratio of 9.68 and a beta of 0.68.

Putnam BDC Income ETF Company 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.