Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 5,308 Shares of Putnam BDC Income ETF (NYSEARCA:PBDC)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) by 31.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,444 shares of the company’s stock after selling 5,308 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned approximately 0.50% of Putnam BDC Income ETF worth $387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of Putnam BDC Income ETF by 11.2% during the 2nd quarter. Cetera Investment Advisers now owns 46,275 shares of the company’s stock worth $1,602,000 after buying an additional 4,646 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in Putnam BDC Income ETF during the first quarter valued at about $871,000. Commonwealth Equity Services LLC boosted its position in Putnam BDC Income ETF by 12.9% during the second quarter. Commonwealth Equity Services LLC now owns 154,464 shares of the company’s stock valued at $5,349,000 after purchasing an additional 17,672 shares in the last quarter. Comerica Bank boosted its position in Putnam BDC Income ETF by 36.0% during the first quarter. Comerica Bank now owns 3,400 shares of the company’s stock valued at $115,000 after purchasing an additional 900 shares in the last quarter. Finally, CWM LLC boosted its position in Putnam BDC Income ETF by 7.3% during the second quarter. CWM LLC now owns 8,850 shares of the company’s stock valued at $306,000 after purchasing an additional 600 shares in the last quarter.

Putnam BDC Income ETF Price Performance

Shares of PBDC stock opened at $33.85 on Tuesday. Putnam BDC Income ETF has a 1-year low of $29.19 and a 1-year high of $35.35. The stock’s 50-day moving average is $33.42 and its 200 day moving average is $33.80. The company has a market cap of $77.86 million, a P/E ratio of 15.69 and a beta of 0.51.

Putnam BDC Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $0.8571 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from Putnam BDC Income ETF’s previous dividend of $0.79.

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.