Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Large Volume Increase – Here’s Why

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRBGet Free Report) saw unusually-high trading volume on Monday . Approximately 16,010 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 24,018 shares.The stock last traded at $48.92 and had previously closed at $48.46.

Putnam ESG Core Bond ETF Stock Performance

The firm’s 50-day moving average is $48.48 and its 200-day moving average is $48.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its position in shares of Putnam ESG Core Bond ETF by 151.5% during the 4th quarter. Citadel Advisors LLC now owns 25,502 shares of the company’s stock valued at $1,225,000 after acquiring an additional 15,361 shares during the period. Riverwater Partners LLC purchased a new position in shares of Putnam ESG Core Bond ETF in the fourth quarter worth $1,517,000. Franklin Resources Inc. boosted its holdings in shares of Putnam ESG Core Bond ETF by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 14,511,570 shares of the company’s stock valued at $697,056,000 after purchasing an additional 961,553 shares during the last quarter. Jane Street Group LLC grew its holdings in Putnam ESG Core Bond ETF by 10.9% during the 3rd quarter. Jane Street Group LLC now owns 54,591 shares of the company’s stock valued at $2,733,000 after buying an additional 5,384 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of Putnam ESG Core Bond ETF in the third quarter valued at $1,628,000.

Putnam ESG Core Bond ETF Company Profile

(Get Free Report)

The Putnam ESG Core Bond ETF (PCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund broadly invests in investment grade US fixed income securities that meet certain environmental, social and governance criteria on a sector-specific basis. The actively managed targets bonds with maturities of three years or more.

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