PBDC: Diversified Entry Into The 9%-Yielding BDC Universe [Seeking Alpha]
Runway Growth Finance Corp. (RWAY)
Company Research
Source: Seeking Alpha
Summary PBDC offers exposure to 21 BDCs with a 9.6% forward dividend yield, focusing on large-cap, well-performing BDCs to de-risk investments. Despite concentration risks, Putnam BDC Income ETF provides diversification for investors unwilling to cherry-pick individual BDCs, reducing single-security risk. PBDC's top holdings include high-quality BDCs like ARCC and OBDC, avoiding those with deteriorating credit metrics, except for improving FSK. For those willing to invest time, selecting specific BDCs may better align with investment objectives for sustainable income. SlavkoSereda/iStock via Getty Images Putnam BDC Income ETF ( NYSEARCA: PBDC ) is a relatively new ETF that was established back in September 2022 with an aim to track the risk and return dynamics in the BDC space. So far, it has grown to $101 million in assets under management, which I would say is quite low even considering the short history of this ETF. However, neither size nor history are decisive fact
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RWAY
News
- Runway Growth Finance Corp. (NASDAQ: RWAY) was upgraded by analysts at Compass Point from a "neutral" rating to a "buy" rating. They now have a $11.25 price target on the stock, down previously from $12.75.MarketBeat
- Runway Growth Finance Corp. (NASDAQ: RWAY) had its price target lowered by analysts at Wells Fargo & Company from $12.00 to $11.00. They now have an "equal weight" rating on the stock.MarketBeat
- Runway Growth Finance Corp. (RWAY) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Runway Growth Finance Corp. Reports Second Quarter 2024 Financial ResultsGlobeNewswire
- Runway Growth Finance Corp. Announces Third Quarter Regular Dividend of $0.40 and $0.05 Supplemental DistributionGlobeNewswire
RWAY
Earnings
- 8/8/24 - Miss
RWAY
Sec Filings
- 8/26/24 - Form 8-K
- 8/16/24 - Form 4
- 8/14/24 - Form 4
- RWAY's page on the SEC website