Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Shares Down 3.4% – Time to Sell?

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was down 3.4% during mid-day trading on Friday . The company traded as low as $18.45 and last traded at $18.45. Approximately 103 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 27,502 shares. The stock had previously closed at $19.10.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Down 3.4%

The stock’s 50-day simple moving average is $25.32 and its 200-day simple moving average is $26.67. The stock has a market cap of $36.90 million, a price-to-earnings ratio of 15.43 and a beta of 0.71.

Putnam PanAgora ESG Emerging Markets Equity ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were given a $9.95 dividend. The ex-dividend date was Friday, February 20th.

Institutional Investors Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PPEM. Cetera Investment Advisers acquired a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF in the 4th quarter valued at about $267,000. Citadel Advisors LLC purchased a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter valued at $553,000. Franklin Resources Inc. lifted its position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% during the third quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock valued at $53,032,000 after purchasing an additional 63,962 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 5.0% during the 2nd quarter. Jane Street Group LLC now owns 209,441 shares of the company’s stock worth $5,162,000 after buying an additional 9,904 shares in the last quarter.

Putnam PanAgora ESG Emerging Markets Equity ETF Company Profile

The PortfolioPlus Emerging Markets ETF (PPEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of any capitalization located in emerging markets. Selected companies are perceived to possess positive environmental, social, and governance criteria. PPEM was launched on Jan 19, 2023 and is managed by Putnam.