Condor Capital Management Sells 1,719 Shares of Putnam BDC Income ETF (NYSEARCA:PBDC)

Condor Capital Management decreased its stake in Putnam BDC Income ETF (NYSEARCA:PBDC) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 67,097 shares of the company’s stock after selling 1,719 shares during the period. Condor Capital Management’s holdings in Putnam BDC Income ETF were worth $2,310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PBDC. Advyzon Investment Management LLC purchased a new position in Putnam BDC Income ETF during the fourth quarter worth $203,000. J.W. Cole Advisors Inc. purchased a new position in shares of Putnam BDC Income ETF during the 4th quarter worth about $243,000. Principal Securities Inc. grew its holdings in Putnam BDC Income ETF by 13.9% during the 4th quarter. Principal Securities Inc. now owns 9,142 shares of the company’s stock valued at $315,000 after purchasing an additional 1,117 shares during the last quarter. D.A. Davidson & CO. raised its position in Putnam BDC Income ETF by 27.2% in the 4th quarter. D.A. Davidson & CO. now owns 12,353 shares of the company’s stock worth $425,000 after purchasing an additional 2,638 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Putnam BDC Income ETF by 8.1% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,375 shares of the company’s stock worth $426,000 after purchasing an additional 931 shares during the last quarter.

Putnam BDC Income ETF Price Performance

Shares of NYSEARCA:PBDC opened at $34.57 on Thursday. The firm has a market capitalization of $188.41 million, a PE ratio of 9.68 and a beta of 0.68. The business has a 50 day simple moving average of $35.28 and a two-hundred day simple moving average of $34.35. Putnam BDC Income ETF has a 1 year low of $30.76 and a 1 year high of $36.86.

Putnam BDC Income ETF 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.