Smith Moore & CO. Acquires Shares of 38,412 Putnam BDC Income ETF (NYSEARCA:PBDC)

Smith Moore & CO. bought a new position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 38,412 shares of the company’s stock, valued at approximately $1,322,000. Smith Moore & CO. owned approximately 1.67% of Putnam BDC Income ETF as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Corient Private Wealth LLC boosted its position in Putnam BDC Income ETF by 70.4% during the fourth quarter. Corient Private Wealth LLC now owns 54,106 shares of the company’s stock worth $1,862,000 after acquiring an additional 22,361 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of 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 worth $3,554,000 after purchasing an additional 1,974 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of Putnam BDC Income ETF by 18.8% in 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. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Putnam BDC Income ETF by 8.1% in the fourth 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 purchasing an additional 931 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Putnam BDC Income ETF during the fourth quarter worth approximately $3,982,000.

Putnam BDC Income ETF Stock Down 9.4 %

Shares of NYSEARCA:PBDC opened at $30.77 on Friday. Putnam BDC Income ETF has a 52-week low of $30.67 and a 52-week high of $36.86. The stock has a market cap of $172.31 million, a P/E ratio of 10.10 and a beta of 0.68. The business has a fifty day moving average of $35.21 and a two-hundred day moving average of $34.44.

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.