Able Wealth Management LLC Has $306,000 Holdings in Putnam BDC Income ETF (NYSEARCA:PBDC)

Able Wealth Management LLC lowered its stake in Putnam BDC Income ETF (NYSEARCA:PBDC) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,885 shares of the company’s stock after selling 530 shares during the quarter. Able Wealth Management LLC owned about 0.39% of Putnam BDC Income ETF worth $306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Advyzon Investment Management LLC bought a new stake in Putnam BDC Income ETF in the fourth quarter valued at approximately $203,000. J.W. Cole Advisors Inc. acquired a new stake in Putnam BDC Income ETF during the 4th quarter worth $243,000. Principal Securities Inc. lifted its holdings in Putnam BDC Income ETF by 13.9% during the fourth quarter. Principal Securities Inc. now owns 9,142 shares of the company’s stock worth $315,000 after acquiring an additional 1,117 shares in the last quarter. D.A. Davidson & CO. grew its stake in Putnam BDC Income ETF by 27.2% in the fourth quarter. D.A. Davidson & CO. now owns 12,353 shares of the company’s stock valued at $425,000 after acquiring an additional 2,638 shares during the period. Finally, MML Investors Services LLC bought a new stake in shares of Putnam BDC Income ETF in the third quarter worth about $554,000.

Putnam BDC Income ETF Price Performance

NYSEARCA:PBDC opened at $36.86 on Thursday. The business’s 50-day simple moving average is $35.05 and its 200-day simple moving average is $34.03. Putnam BDC Income ETF has a fifty-two week low of $30.76 and a fifty-two week high of $36.86. The stock has a market capitalization of $84.78 million, a PE ratio of 15.69 and a beta of 0.51.

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.