Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Unusually-High Trading Volume – Still a Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDRGet Free Report) saw unusually-strong trading volume on Monday . Approximately 30,407 shares were traded during trading, a decline of 3% from the previous session’s volume of 31,251 shares.The stock last traded at $37.49 and had previously closed at $37.44.

Putnam Sustainable Leaders ETF Stock Performance

The business has a 50 day simple moving average of $36.51 and a two-hundred day simple moving average of $34.89. The firm has a market capitalization of $852.44 million, a P/E ratio of 28.96 and a beta of 1.06.

Institutional Investors Weigh In On Putnam Sustainable Leaders ETF

Several hedge funds have recently bought and sold shares of the stock. Elevation Capital Advisory LLC purchased a new position in Putnam Sustainable Leaders ETF in the 2nd quarter worth approximately $230,000. Citadel Advisors LLC lifted its holdings in shares of Putnam Sustainable Leaders ETF by 232.9% during the 3rd quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock worth $756,000 after acquiring an additional 14,733 shares during the last quarter. Bond & Devick Financial Network Inc. grew its position in Putnam Sustainable Leaders ETF by 6.1% in the second quarter. Bond & Devick Financial Network Inc. now owns 36,985 shares of the company’s stock worth $1,249,000 after acquiring an additional 2,128 shares in the last quarter. Bailard Inc. grew its position in Putnam Sustainable Leaders ETF by 3.5% in the second quarter. Bailard Inc. now owns 60,503 shares of the company’s stock worth $2,043,000 after acquiring an additional 2,022 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Putnam Sustainable Leaders ETF by 4.0% in the third quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock valued at $783,263,000 after acquiring an additional 831,613 shares during the last quarter.

About Putnam Sustainable Leaders ETF

(Get Free Report)

The Putnam Sustainable Leaders ETF (PLDR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent fund with exposure to US companies selected for their commitment to sustainable business practices. The fund utilizes the Fidelity non-transparent model.

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