Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM – Get Free Report) was down 2.2% during mid-day trading on Friday . The company traded as low as $23.45 and last traded at $23.47. Approximately 386 shares were traded during trading, a decline of 97% from the average daily volume of 14,971 shares. The stock had previously closed at $23.99.
Putnam PanAgora ESG Emerging Markets Equity ETF Trading Down 2.2%
The stock’s fifty day moving average price is $20.98 and its 200-day moving average price is $24.53. The firm has a market cap of $8.21 million, a price-to-earnings ratio of 15.43 and a beta of 0.89.
Institutional Trading of Putnam PanAgora ESG Emerging Markets Equity ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in PPEM. Jane Street Group LLC purchased a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the 1st quarter worth approximately $4,296,000. Franklin Resources Inc. boosted its position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock worth $53,032,000 after purchasing an additional 63,962 shares during the period. Citadel Advisors LLC purchased a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the 3rd quarter worth approximately $553,000. Finally, Cetera Investment Advisers purchased a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the 4th quarter worth approximately $267,000.
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.
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