Franklin Resources Inc. Raises Position in Putnam Sustainable Future ETF $PFUT

Franklin Resources Inc. lifted its position in shares of Putnam Sustainable Future ETF (NYSEARCA:PFUT) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,630,138 shares of the company’s stock after acquiring an additional 562,859 shares during the quarter. Franklin Resources Inc. owned 97.21% of Putnam Sustainable Future ETF worth $379,161,000 at the end of the most recent quarter.

Separately, Cetera Investment Advisers purchased a new stake in shares of Putnam Sustainable Future ETF during the 2nd quarter worth $237,000.

Putnam Sustainable Future ETF Stock Down 0.4%

Shares of PFUT opened at $24.22 on Thursday. Putnam Sustainable Future ETF has a 52-week low of $19.54 and a 52-week high of $26.77. The company has a 50-day simple moving average of $25.03 and a 200-day simple moving average of $25.52. The company has a market capitalization of $387.04 million, a PE ratio of 33.10 and a beta of 1.16.

Putnam Sustainable Future ETF Profile

The Putnam Sustainable Future ETF (PFUT) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks capital appreciation by targeting US-listed companies with positive environmental, social, and economic development contributions measured by proprietary sustainability criteria. The fund utilizes the Fidelity non-transparent model. PFUT was launched on May 25, 2021 and is managed by Putnam.