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Putnam ESG Core Bond ETF is an active ETF that invests in income securities diversified across multiple sectors for all-weather performance. Invests across sectors of the U.S. bond market, including mortgage-backed securities, corporate bonds, and other government obligations. The fund invests mainly in a diversified portfolio of investment-grade fixed-income securities with a focus on companies or issuers that Putnam Management, the fund's investment manager, believes meet relevant environmental, social, or governance ("ESG") criteria on a sector-specific basis ("ESG criteria"). The fund invests mainly in bonds of governments and private companies located in the United States that are investment-grade in quality with intermediate- to long-term maturities (three years or longer). Investment-grade securities are rated at least BBB or its equivalent at the time of purchase by a nationally recognized securities rating agency, or are unrated investments that Putnam Management believes are of comparable quality. Putnam Management may invest in below-investment-grade investments.
Putnam ETF Trust Putnam Esg Core Bond ETF trades on the ARCA stock market under the symbol PCRB.
As of March 28, 2024, PCRB stock price declined to $48.49 with 4,802 million shares trading.
PCRB has a beta of 0.22, meaning it tends to be less sensitive to market movements. PCRB has a correlation of 0.17 to the broad based SPY ETF.
PCRB has a market cap of $515.15 million. This is considered a Small Cap stock.
PCRB has underperformed the market in the last year with a price return of +2.5% while the SPY ETF gained +33.6%. PCRB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.8% and +0.5%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
PCRB support price is $48.32 and resistance is $48.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PCRB stock will trade within this expected range on the day.