Putnam Sustainable Future ETF (NYSEARCA:PFUT) Stock Price Down 0.8% – Should You Sell?

Putnam Sustainable Future ETF (NYSEARCA:PFUT) was down 0.8% during mid-day trading on Wednesday . The stock traded as low as $25.04 and last traded at $25.13. Approximately 14,849 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 24,356 shares. The stock had previously closed at $25.33.

Putnam Sustainable Future ETF Stock Performance

The stock’s 50 day moving average is $24.72 and its 200 day moving average is $24.27. The company has a market capitalization of $264.20 million, a PE ratio of 30.00 and a beta of 1.18.

Institutional Investors Weigh In On Putnam Sustainable Future ETF

An institutional investor recently bought a new position in Putnam Sustainable Future ETF stock. Sentinel Pension Advisors Inc. acquired a new position in shares of Putnam Sustainable Future ETF (NYSEARCA:PFUT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,305 shares of the company’s stock, valued at approximately $202,000. Sentinel Pension Advisors Inc. owned approximately 0.08% of Putnam Sustainable Future ETF as of its most recent filing with the Securities and Exchange Commission.

Putnam Sustainable Future ETF Company 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.