Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Strong Trading Volume – Still a Buy?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) shares saw unusually-high trading volume on Monday . Approximately 28,468 shares changed hands during trading, an increase of 19% from the previous session’s volume of 23,964 shares.The stock last traded at $48.24 and had previously closed at $48.06.

Putnam ESG Core Bond ETF Stock Performance

The stock has a fifty day simple moving average of $48.63 and a 200-day simple moving average of $48.59.

Hedge Funds Weigh In On Putnam ESG Core Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC lifted its position in Putnam ESG Core Bond ETF by 151.5% during the 4th 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. Riverwater Partners LLC acquired a new position in shares of Putnam ESG Core Bond ETF during the fourth quarter worth approximately $1,517,000. Jane Street Group LLC grew its stake in shares of 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 during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Putnam ESG Core Bond ETF by 10.6% in the third quarter. Franklin Resources Inc. now owns 13,550,017 shares of the company’s stock valued at $668,510,000 after purchasing an additional 1,302,479 shares in the last quarter.

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.