Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Shares Down 0.7% – Here’s Why

Shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) were down 0.7% during mid-day trading on Monday . The company traded as low as $21.09 and last traded at $21.09. Approximately 592 shares were traded during trading, a decline of 93% from the average daily volume of 8,814 shares. The stock had previously closed at $21.24.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Down 0.4 %

The stock has a 50-day moving average price of $21.42 and a two-hundred day moving average price of $21.96. The stock has a market cap of $27.37 million, a price-to-earnings ratio of 12.63 and a beta of 0.89.

Hedge Funds Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

A hedge fund recently raised its stake in Putnam PanAgora ESG Emerging Markets Equity ETF stock. Franklin Resources Inc. boosted its holdings in shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,319,214 shares of the company’s stock after buying an additional 52,840 shares during the quarter. Franklin Resources Inc. owned 103.06% of Putnam PanAgora ESG Emerging Markets Equity ETF worth $30,819,000 at the end of the most recent reporting period.

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.