Prosperity Financial Group Inc. Has $2.83 Million Stock Position in Putnam BDC Income ETF (NYSEARCA:PBDC)

Prosperity Financial Group Inc. boosted its stake in shares of Putnam BDC Income ETF (NYSEARCA:PBDC) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,838 shares of the company’s stock after acquiring an additional 743 shares during the quarter. Putnam BDC Income ETF accounts for 1.6% of Prosperity Financial Group Inc.’s portfolio, making the stock its 15th largest position. Prosperity Financial Group Inc.’s holdings in Putnam BDC Income ETF were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PBDC. NBC Securities Inc. acquired a new position in shares of Putnam BDC Income ETF in the 3rd quarter worth approximately $33,000. Comerica Bank boosted its stake in Putnam BDC Income ETF by 36.0% in the first quarter. Comerica Bank now owns 3,400 shares of the company’s stock worth $115,000 after purchasing an additional 900 shares in the last quarter. Catalina Capital Group LLC bought a new stake in shares of Putnam BDC Income ETF during the second quarter worth $303,000. CWM LLC increased its stake in shares of Putnam BDC Income ETF by 7.3% in the second quarter. CWM LLC now owns 8,850 shares of the company’s stock valued at $306,000 after buying an additional 600 shares in the last quarter. Finally, Able Wealth Management LLC bought a new position in shares of Putnam BDC Income ETF in the third quarter valued at about $318,000.

Putnam BDC Income ETF Trading Up 1.1 %

PBDC opened at $34.19 on Monday. Putnam BDC Income ETF has a 1-year low of $30.76 and a 1-year high of $35.35. The stock has a market capitalization of $78.64 million, a PE ratio of 15.69 and a beta of 0.51. The firm has a 50-day moving average price of $33.53 and a two-hundred day moving average price of $33.78.

Putnam BDC Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $0.8571 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from Putnam BDC Income ETF’s previous dividend of $0.79.

About Putnam BDC Income ETF

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.