Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Trading Up 0.1% – Here’s Why

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shot up 0.1% during mid-day trading on Thursday . The company traded as high as $37.89 and last traded at $37.8890. Approximately 1,954 shares were traded during trading, a decline of 99% from the average daily volume of 145,445 shares. The stock had previously closed at $37.84.

Putnam Sustainable Leaders ETF Price Performance

The company has a market capitalization of $4.55 million, a PE ratio of 28.96 and a beta of 1.06. The firm’s fifty day simple moving average is $37.84 and its 200 day simple moving average is $37.03.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Several institutional investors and hedge funds have recently modified their holdings of PLDR. Bailard Inc. boosted 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 worth $2,374,000 after buying an additional 1,151 shares during the last quarter. Citadel Advisors LLC raised its position in Putnam Sustainable Leaders ETF by 232.9% during 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 in the last quarter. Royal Bank of Canada acquired a new position in Putnam Sustainable Leaders ETF in the fourth quarter valued at approximately $728,000. Finally, Franklin Resources Inc. lifted its holdings in 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.

Putnam Sustainable Leaders ETF Company Profile

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.