Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Strong Trading Volume – What’s Next?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw an uptick in trading volume on Monday . 21,087 shares were traded during mid-day trading, a decline of 25% from the previous session’s volume of 28,128 shares.The stock last traded at $33.26 and had previously closed at $32.87.

Putnam Sustainable Leaders ETF Stock Down 2.1 %

The company’s 50-day moving average is $34.02 and its 200-day moving average is $33.84. The stock has a market capitalization of $676.65 million, a price-to-earnings ratio of 32.95 and a beta of 1.06.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PLDR. Franklin Resources Inc. grew its holdings in shares of Putnam Sustainable Leaders ETF by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 17,728,436 shares of the company’s stock worth $608,263,000 after purchasing an additional 1,578,080 shares during the period. Bailard Inc. increased its position in shares of Putnam Sustainable Leaders ETF by 3.1% during the fourth quarter. Bailard Inc. now owns 64,020 shares of the company’s stock valued at $2,134,000 after acquiring an additional 1,912 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Putnam Sustainable Leaders ETF by 525.6% in the 4th quarter. Jane Street Group LLC now owns 59,872 shares of the company’s stock valued at $1,996,000 after acquiring an additional 50,302 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Putnam Sustainable Leaders ETF in the 4th quarter worth approximately $29,000. Finally, Bond & Devick Financial Network Inc. acquired a new position in shares of Putnam Sustainable Leaders ETF in the 3rd quarter worth approximately $555,000.

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.