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

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw strong trading volume on Monday . 13,190 shares traded hands during mid-day trading, a decline of 45% from the previous session’s volume of 23,952 shares.The stock last traded at $48.34 and had previously closed at $48.52.

Putnam ESG Core Bond ETF Stock Performance

The business has a 50-day simple moving average of $48.64 and a two-hundred day simple moving average of $48.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PCRB. Franklin Resources Inc. raised its stake in 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 worth $668,510,000 after buying an additional 1,302,479 shares in the last quarter. Riverwater Partners LLC purchased a new position in shares of Putnam ESG Core Bond ETF in the fourth quarter worth $1,517,000. Citadel Advisors LLC grew its position in Putnam ESG Core Bond ETF by 151.5% in the 4th 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 period. Finally, Jane Street Group LLC increased its position in shares of Putnam ESG Core Bond ETF by 10.9% during the 3rd 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.

About Putnam ESG Core Bond ETF

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.