Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Large Volume Increase – Here’s What Happened

Shares of Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw strong trading volume on Monday . 16,010 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 24,018 shares.The stock last traded at $48.92 and had previously closed at $48.46.

Putnam ESG Core Bond ETF Price Performance

The company’s fifty day moving average price is $48.51 and its 200 day moving average price is $48.71.

Institutional Trading of Putnam ESG Core Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC increased its position in Putnam ESG Core Bond ETF by 10.9% in the third quarter. Jane Street Group LLC now owns 54,591 shares of the company’s stock worth $2,733,000 after buying an additional 5,384 shares during the period. Franklin Resources Inc. increased its stake in Putnam ESG Core Bond ETF by 10.6% during the 3rd quarter. Franklin Resources Inc. now owns 13,550,017 shares of the company’s stock valued at $668,510,000 after buying an additional 1,302,479 shares during the period. Riverwater Partners LLC acquired a new stake in shares of Putnam ESG Core Bond ETF in the 4th quarter worth approximately $1,517,000. Finally, Citadel Advisors LLC boosted its holdings 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 valued at $1,225,000 after acquiring an additional 15,361 shares in 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.