Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Trading Down 0% – What’s Next?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shares dropped 0% on Friday . The company traded as low as $39.00 and last traded at $39.00. Approximately 40 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 154,806 shares. The stock had previously closed at $39.01.

Putnam Sustainable Leaders ETF Price Performance

The stock’s 50-day simple moving average is $36.49 and its two-hundred day simple moving average is $36.61. The firm has a market capitalization of $4.68 million, a P/E ratio of 28.96 and a beta of 1.07.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Several institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. lifted its position in Putnam Sustainable Leaders ETF by 6.8% during the fourth quarter. Franklin Resources Inc. now owns 23,322,468 shares of the company’s stock valued at $867,845,000 after purchasing an additional 1,491,920 shares during the last quarter. Bailard Inc. lifted its position in Putnam Sustainable Leaders ETF by 1.8% during the fourth quarter. Bailard Inc. now owns 63,803 shares of the company’s stock valued at $2,374,000 after purchasing an additional 1,151 shares during the last quarter. Bond & Devick Financial Network Inc. lifted its position in Putnam Sustainable Leaders ETF by 14.6% during the third quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock valued at $1,520,000 after purchasing an additional 5,389 shares during the last quarter. Citadel Advisors LLC lifted its position in 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 last quarter. Finally, Royal Bank of Canada bought a new position in Putnam Sustainable Leaders ETF during the fourth quarter valued at $728,000.

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.