MML Investors Services LLC Buys New Shares in Putnam BDC Income ETF (NYSEARCA:PBDC)

MML Investors Services LLC bought a new position in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,393 shares of the company’s stock, valued at approximately $554,000. MML Investors Services LLC owned approximately 0.71% of Putnam BDC Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in Putnam BDC Income ETF by 12.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 154,464 shares of the company’s stock worth $5,349,000 after buying an additional 17,672 shares during the period. Prosperity Financial Group Inc. raised its holdings in shares of Putnam BDC Income ETF by 0.9% during the third quarter. Prosperity Financial Group Inc. now owns 83,838 shares of the company’s stock valued at $2,833,000 after acquiring an additional 743 shares during the period. Stonebridge Financial Planning Group LLC lifted its position in shares of 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 valued at $2,760,000 after acquiring an additional 3,824 shares in the last quarter. Condor Capital Management acquired a new position in Putnam BDC Income ETF in the 2nd quarter worth approximately $1,603,000. Finally, Cetera Investment Advisers boosted its stake in Putnam BDC Income ETF by 11.2% in the 2nd quarter. Cetera Investment Advisers now owns 46,275 shares of the company’s stock worth $1,602,000 after purchasing an additional 4,646 shares during the period.

Putnam BDC Income ETF Stock Up 0.9 %

Shares of NYSEARCA:PBDC opened at $34.48 on Monday. The company’s fifty day moving average is $33.93 and its two-hundred day moving average is $33.79. The company has a market cap of $79.30 million, a P/E ratio of 15.69 and a beta of 0.51. Putnam BDC Income ETF has a 12-month low of $30.76 and a 12-month high of $35.35.

Putnam BDC Income ETF Increases Dividend

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

Putnam BDC Income ETF Company 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.