Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Unusually-High Trading Volume – Should You Buy?

Putnam ESG Core Bond ETF (NYSEARCA:PCRBGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 37,211 shares changed hands during trading, an increase of 38% from the previous session’s volume of 26,994 shares.The stock last traded at $48.70 and had previously closed at $48.81.

Putnam ESG Core Bond ETF Stock Performance

The stock’s 50-day moving average is $48.28 and its 200 day moving average is $48.84.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PCRB. Franklin Resources Inc. increased its stake in shares of Putnam ESG Core Bond ETF by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 14,511,570 shares of the company’s stock worth $697,056,000 after acquiring an additional 961,553 shares during the period. Jane Street Group LLC lifted its holdings in Putnam ESG Core Bond ETF by 10.9% during the third quarter. Jane Street Group LLC now owns 54,591 shares of the company’s stock valued at $2,733,000 after purchasing an additional 5,384 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Putnam ESG Core Bond ETF in the third quarter worth about $1,628,000. Riverwater Partners LLC purchased a new position in shares of Putnam ESG Core Bond ETF in the fourth quarter worth about $1,517,000. Finally, Citadel Advisors LLC lifted its stake in shares of Putnam ESG Core Bond ETF by 151.5% in the fourth quarter. Citadel Advisors LLC now owns 25,502 shares of the company’s stock worth $1,225,000 after buying an additional 15,361 shares in the last quarter.

Putnam ESG Core Bond ETF Company Profile

(Get Free Report)

The Putnam ESG Core Bond ETF (PCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund broadly invests in investment grade US fixed income securities that meet certain environmental, social and governance criteria on a sector-specific basis. The actively managed targets bonds with maturities of three years or more.

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