Evolution Wealth Advisors LLC Takes $4.40 Million Position in Putnam BDC Income ETF (NYSEARCA:PBDC)

Evolution Wealth Advisors LLC purchased a new position in Putnam BDC Income ETF (NYSEARCA:PBDC) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 129,755 shares of the company’s stock, valued at approximately $4,400,000. Putnam BDC Income ETF comprises approximately 0.8% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest position. Evolution Wealth Advisors LLC owned 5.95% of Putnam BDC Income ETF at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC bought a new position in Putnam BDC Income ETF during the first quarter worth about $40,000. CWM LLC raised its holdings in Putnam BDC Income ETF by 92.1% in the fourth quarter. CWM LLC now owns 7,300 shares of the company’s stock worth $231,000 after purchasing an additional 3,500 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Putnam BDC Income ETF during the fourth quarter worth $241,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Putnam BDC Income ETF in the 4th quarter valued at $951,000. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Putnam BDC Income ETF by 41.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 38,522 shares of the company’s stock valued at $1,220,000 after buying an additional 11,326 shares in the last quarter.

Putnam BDC Income ETF Stock Up 0.6 %

Putnam BDC Income ETF stock traded up $0.22 during mid-day trading on Wednesday, hitting $35.20. 28,903 shares of the company’s stock were exchanged, compared to its average volume of 30,928. Putnam BDC Income ETF has a fifty-two week low of $29.00 and a fifty-two week high of $35.35. The firm has a market capitalization of $80.96 million, a P/E ratio of 15.69 and a beta of 0.51. The company’s 50 day simple moving average is $34.38 and its 200-day simple moving average is $33.20.

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.