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

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw strong trading volume on Tuesday . 19,584 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 14,680 shares.The stock last traded at $37.1190 and had previously closed at $36.89.

Putnam Sustainable Leaders ETF Trading Down 0.4%

The company has a market capitalization of $830.07 million, a PE ratio of 28.96 and a beta of 1.06. The business has a fifty day moving average of $37.29 and a 200 day moving average of $36.12.

Putnam Sustainable Leaders ETF Announces Dividend

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

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLDR. Elevation Capital Advisory LLC acquired a new position in shares of Putnam Sustainable Leaders ETF in the second quarter worth $230,000. Citadel Advisors LLC boosted its holdings in Putnam Sustainable Leaders ETF by 232.9% in 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. Bond & Devick Financial Network Inc. grew its stake in 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 purchasing an additional 5,389 shares in the last quarter. Bailard Inc. increased its holdings in Putnam Sustainable Leaders ETF by 3.5% during the 2nd quarter. Bailard Inc. now owns 60,503 shares of the company’s stock worth $2,043,000 after purchasing an additional 2,022 shares during the period. Finally, Franklin Resources Inc. increased its holdings 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 worth $783,263,000 after purchasing an additional 831,613 shares during the period.

About Putnam Sustainable Leaders ETF

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.