Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Strong Trading Volume – Time to Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shares saw unusually-strong trading volume on Wednesday . Approximately 29,920 shares changed hands during trading, a decline of 5% from the previous session’s volume of 31,622 shares.The stock last traded at $37.5590 and had previously closed at $37.32.

Putnam Sustainable Leaders ETF Stock Up 0.6%

The firm’s 50 day simple moving average is $36.92 and its 200 day simple moving average is $35.42. The company has a market cap of $854.49 million, a price-to-earnings ratio of 28.96 and a beta of 1.06.

Putnam Sustainable Leaders ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were given a $0.1386 dividend. This represents a yield of 37.0%. The ex-dividend date was Friday, December 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PLDR. Citadel Advisors LLC increased its holdings in shares of Putnam Sustainable Leaders ETF by 232.9% during the third quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock valued at $756,000 after purchasing an additional 14,733 shares during the period. Franklin Resources Inc. increased its stake in Putnam Sustainable Leaders ETF by 4.0% during the 3rd quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock valued at $783,263,000 after buying an additional 831,613 shares during the period. Bond & Devick Financial Network Inc. raised its position in shares of Putnam Sustainable Leaders ETF by 14.6% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock worth $1,520,000 after buying an additional 5,389 shares in the last quarter. Bailard Inc. lifted its stake in shares of Putnam Sustainable Leaders ETF by 3.6% in the 3rd quarter. Bailard Inc. now owns 62,652 shares of the company’s stock worth $2,248,000 after acquiring an additional 2,149 shares during the period. Finally, Elevation Capital Advisory LLC bought a new position in shares of Putnam Sustainable Leaders ETF in the second quarter valued at approximately $230,000.

Putnam Sustainable Leaders ETF Company Profile

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. PLDR was launched on May 25, 2021 and is managed by Putnam.