Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Trading 0.1% Higher – Should You Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDRGet Free Report)’s stock price shot up 0.1% on Thursday . The company traded as high as $37.89 and last traded at $37.8890. 1,954 shares traded hands during trading, a decline of 99% from the average session volume of 145,445 shares. The stock had previously closed at $37.84.

Putnam Sustainable Leaders ETF Trading Up 0.1%

The business’s 50-day moving average is $37.84 and its two-hundred day moving average is $37.02. The firm has a market cap of $4.55 million, a P/E ratio of 28.96 and a beta of 1.06.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Several hedge funds and other institutional investors have recently modified their holdings of PLDR. Franklin Resources Inc. grew its position in shares of 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 worth $867,845,000 after acquiring an additional 1,491,920 shares during the last quarter. Royal Bank of Canada bought a new stake in Putnam Sustainable Leaders ETF in the 4th quarter valued at about $728,000. Citadel Advisors LLC lifted its position in Putnam Sustainable Leaders ETF by 232.9% in the 3rd 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, Bailard Inc. boosted its stake in Putnam Sustainable Leaders ETF by 1.8% during the 4th 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 period.

About Putnam Sustainable Leaders ETF

(Get Free Report)

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.

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