3EDGE Asset Management LP Sells 1,427 Shares of Putnam BDC Income ETF (NYSEARCA:PBDC)

3EDGE Asset Management LP trimmed its stake in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 47,845 shares of the company’s stock after selling 1,427 shares during the quarter. 3EDGE Asset Management LP’s holdings in Putnam BDC Income ETF were worth $1,647,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC increased its position in shares of Putnam BDC Income ETF by 1.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 29,149 shares of the company’s stock valued at $1,003,000 after buying an additional 486 shares during the period. Prosperity Financial Group Inc. increased its holdings in shares of Putnam BDC Income ETF by 0.9% in the third quarter. Prosperity Financial Group Inc. now owns 83,838 shares of the company’s stock worth $2,833,000 after purchasing an additional 743 shares during the period. Principal Securities Inc. increased its stake in Putnam BDC Income ETF by 13.9% in the 4th quarter. Principal Securities Inc. now owns 9,142 shares of the company’s stock worth $315,000 after acquiring an additional 1,117 shares during the last quarter. D.A. Davidson & CO. increased its stake in Putnam BDC Income ETF by 27.2% in the 4th quarter. D.A. Davidson & CO. now owns 12,353 shares of the company’s stock worth $425,000 after acquiring an additional 2,638 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC increased its stake in Putnam BDC Income ETF by 4.9% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 81,672 shares of the company’s stock worth $2,760,000 after acquiring an additional 3,824 shares during the last quarter.

Putnam BDC Income ETF Trading Up 0.9 %

PBDC stock opened at $36.68 on Wednesday. The company’s 50 day moving average is $34.97 and its 200 day moving average is $33.98. The stock has a market cap of $84.36 million, a price-to-earnings ratio of 15.69 and a beta of 0.51. Putnam BDC Income ETF has a 1-year low of $30.76 and a 1-year high of $36.71.

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.