Franklin Resources Inc. Has $171.02 Million Stock Holdings in Putnam ESG High Yield ETF (NYSEARCA:PHYD)

Franklin Resources Inc. boosted its position in shares of Putnam ESG High Yield ETF (NYSEARCA:PHYD) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,341,562 shares of the company’s stock after purchasing an additional 312,440 shares during the period. Franklin Resources Inc. owned 128.52% of Putnam ESG High Yield ETF worth $171,021,000 at the end of the most recent reporting period.

Separately, Stewardship Advisors LLC acquired a new stake in shares of Putnam ESG High Yield ETF during the 4th quarter valued at about $1,885,000.

Putnam ESG High Yield ETF Stock Performance

Shares of NYSEARCA PHYD opened at $50.92 on Wednesday. The stock has a market cap of $180.77 million, a price-to-earnings ratio of 4.95 and a beta of 0.33. The business has a 50 day simple moving average of $51.29 and a 200 day simple moving average of $51.44. Putnam ESG High Yield ETF has a 52 week low of $49.81 and a 52 week high of $52.18.

Putnam ESG High Yield ETF Profile

The Putnam ESG High Yield ETF (PHYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in long- and intermediate-term US high-yield corporate bonds that meet certain environmental, social and governance criteria on a sector-specific basis. PHYD was launched on Jan 19, 2023 and is managed by Putnam.