Putnam Sustainable Future ETF $PFUT Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in shares of Putnam Sustainable Future ETF (NYSEARCA:PFUT) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,630,138 shares of the company’s stock after buying an additional 562,859 shares during the period. Franklin Resources Inc. owned 0.97% of Putnam Sustainable Future ETF worth $379,161,000 as of its most recent SEC filing.

Separately, Cetera Investment Advisers acquired a new position in Putnam Sustainable Future ETF in the second quarter valued at $237,000.

Putnam Sustainable Future ETF Trading Down 0.4%

PFUT stock opened at $24.22 on Thursday. The company has a market cap of $387.04 million, a PE ratio of 33.10 and a beta of 1.16. The stock has a 50-day moving average price of $25.03 and a two-hundred day moving average price of $25.52. Putnam Sustainable Future ETF has a 12-month low of $19.54 and a 12-month high of $26.77.

Putnam Sustainable Future ETF Profile

The Putnam Sustainable Future ETF (PFUT) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks capital appreciation by targeting US-listed companies with positive environmental, social, and economic development contributions measured by proprietary sustainability criteria. The fund utilizes the Fidelity non-transparent model. PFUT was launched on May 25, 2021 and is managed by Putnam.