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

Prosperity Financial Group Inc. lowered its position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) by 33.0% during the fourth quarter, according to its most recent filing with the Securities & 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. owned about 2.44% of Putnam BDC Income ETF worth $1,935,000 at the end of the most recent reporting period.

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

Putnam BDC Income ETF Trading Down 2.2 %

NYSEARCA PBDC opened at $33.87 on Wednesday. The business’s 50-day moving average price is $35.31 and its two-hundred day moving average price is $34.33. Putnam BDC Income ETF has a 12 month low of $30.76 and a 12 month high of $36.86. The firm 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.