Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Trading Down 0% – What’s Next?

Shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) dropped 0% during trading on Friday . The stock traded as low as $39.00 and last traded at $39.00. Approximately 40 shares traded hands during trading, a decline of 100% from the average daily volume of 154,806 shares. The stock had previously closed at $39.01.

Putnam Sustainable Leaders ETF Price Performance

The company’s 50-day simple moving average is $36.49 and its 200 day simple moving average is $36.61. The firm has a market cap of $4.68 million, a P/E ratio of 28.96 and a beta of 1.07.

Institutional Investors Weigh In On Putnam Sustainable Leaders ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PLDR. Franklin Resources Inc. raised its stake in shares of Putnam Sustainable Leaders ETF by 6.8% in the fourth quarter. Franklin Resources Inc. now owns 23,322,468 shares of the company’s stock valued at $867,845,000 after acquiring an additional 1,491,920 shares during the period. Royal Bank of Canada purchased a new stake in shares of Putnam Sustainable Leaders ETF in the fourth quarter valued at $728,000. Citadel Advisors LLC raised its stake in shares of Putnam Sustainable Leaders ETF by 232.9% in the third quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock valued at $756,000 after acquiring an additional 14,733 shares during the period. Bond & Devick Financial Network Inc. raised its stake in shares of Putnam Sustainable Leaders ETF by 14.6% in the third quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock valued at $1,520,000 after acquiring an additional 5,389 shares during the period. Finally, Bailard Inc. raised its stake in shares of Putnam Sustainable Leaders ETF by 1.8% in the fourth quarter. Bailard Inc. now owns 63,803 shares of the company’s stock valued at $2,374,000 after acquiring an additional 1,151 shares during the period.

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.