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

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-high trading volume on Wednesday . Approximately 28,316 shares traded hands during trading, an increase of 123% from the previous session’s volume of 12,709 shares.The stock last traded at $36.67 and had previously closed at $36.32.

Putnam Sustainable Leaders ETF Stock Performance

The company has a market cap of $826.93 million, a PE ratio of 28.96 and a beta of 1.06. The stock’s 50 day moving average price is $37.22 and its 200-day moving average price is $36.02.

Putnam Sustainable Leaders ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were given a $0.1386 dividend. The ex-dividend date was Friday, December 19th. This represents a dividend yield of 37.0%.

Institutional Trading of Putnam Sustainable Leaders ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLDR. Elevation Capital Advisory LLC bought a new position in shares of Putnam Sustainable Leaders ETF in the 2nd quarter worth approximately $230,000. Citadel Advisors LLC grew its holdings in Putnam Sustainable Leaders ETF by 232.9% in the third quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock worth $756,000 after purchasing an additional 14,733 shares during the period. Bond & Devick Financial Network Inc. increased its stake in shares of 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 in the last quarter. Bailard Inc. boosted its position in shares of Putnam Sustainable Leaders ETF by 3.5% in the 2nd quarter. Bailard Inc. now owns 60,503 shares of the company’s stock worth $2,043,000 after purchasing an additional 2,022 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Putnam Sustainable Leaders ETF by 4.0% in the third quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock worth $783,263,000 after acquiring an additional 831,613 shares during the last quarter.

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.