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

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-strong trading volume on Wednesday . Approximately 27,478 shares changed hands during mid-day trading, a decline of 25% from the previous session’s volume of 36,856 shares.The stock last traded at $31.12 and had previously closed at $31.04.

Putnam Sustainable Leaders ETF Price Performance

The firm has a fifty day moving average of $33.76 and a 200 day moving average of $33.80. The stock has a market cap of $655.15 million, a price-to-earnings ratio of 30.71 and a beta of 1.06.

Institutional Trading of Putnam Sustainable Leaders ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. raised its position in Putnam Sustainable Leaders ETF by 9.8% in the third quarter. Franklin Resources Inc. now owns 17,728,436 shares of the company’s stock valued at $608,263,000 after purchasing an additional 1,578,080 shares during the period. Bailard Inc. grew its stake in shares of Putnam Sustainable Leaders ETF by 3.1% in the fourth quarter. Bailard Inc. now owns 64,020 shares of the company’s stock valued at $2,134,000 after buying an additional 1,912 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Putnam Sustainable Leaders ETF by 525.6% in the fourth quarter. Jane Street Group LLC now owns 59,872 shares of the company’s stock valued at $1,996,000 after purchasing an additional 50,302 shares in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in Putnam Sustainable Leaders ETF during the 4th quarter worth approximately $29,000.

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.