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

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) shares saw unusually-strong trading volume on Thursday . Approximately 37,211 shares were traded during trading, an increase of 38% from the previous session’s volume of 26,994 shares.The stock last traded at $48.70 and had previously closed at $48.81.

Putnam ESG Core Bond ETF Stock Performance

The business’s 50-day simple moving average is $48.28 and its two-hundred day simple moving average is $48.84.

Institutional Investors Weigh In On Putnam ESG Core Bond ETF

A number of institutional investors have recently made changes to their positions in PCRB. Franklin Resources Inc. grew 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. Flow Traders U.S. LLC purchased a new stake in shares of Putnam ESG Core Bond ETF during the 3rd quarter worth approximately $1,628,000. Riverwater Partners LLC purchased a new stake in shares of Putnam ESG Core Bond ETF during the 4th quarter worth approximately $1,517,000. Citadel Advisors LLC lifted its position in shares of 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 during the last quarter. Finally, Jane Street Group LLC boosted its stake in 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 worth $2,733,000 after purchasing an additional 5,384 shares during the period.

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.