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

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw strong trading volume on Tuesday . 15,994 shares changed hands during trading, a decline of 33% from the previous session’s volume of 24,007 shares.The stock last traded at $48.52 and had previously closed at $49.25.

Putnam ESG Core Bond ETF Stock Performance

The business has a 50 day moving average price of $48.61 and a 200 day moving average price of $48.67.

Hedge Funds Weigh In On Putnam ESG Core Bond ETF

Several hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC lifted its position in shares of Putnam ESG Core Bond ETF by 151.5% during the fourth quarter. Citadel Advisors LLC now owns 25,502 shares of the company’s stock worth $1,225,000 after purchasing an additional 15,361 shares during the last quarter. Riverwater Partners LLC purchased a new stake in Putnam ESG Core Bond ETF in the 4th quarter valued at about $1,517,000. Jane Street Group LLC grew its stake in Putnam ESG Core Bond ETF by 10.9% in the 3rd quarter. Jane Street Group LLC now owns 54,591 shares of the company’s stock worth $2,733,000 after acquiring an additional 5,384 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Putnam ESG Core Bond ETF by 10.6% during the third quarter. Franklin Resources Inc. now owns 13,550,017 shares of the company’s stock worth $668,510,000 after acquiring an additional 1,302,479 shares during the period.

Putnam ESG Core Bond ETF Company Profile

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.