Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Trading 1.7% Higher – Still a Buy?

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) shares shot up 1.7% on Monday . The stock traded as high as $22.44 and last traded at $22.42. 3,125 shares were traded during mid-day trading, a decline of 21% from the average session volume of 3,953 shares. The stock had previously closed at $22.05.

Putnam PanAgora ESG Emerging Markets Equity ETF Price Performance

The stock’s 50 day simple moving average is $21.43 and its two-hundred day simple moving average is $21.99. The company has a market capitalization of $42.15 million, a P/E ratio of 11.90 and a beta of 0.80.

Institutional Investors Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

An institutional investor recently bought a new position in Putnam PanAgora ESG Emerging Markets Equity ETF stock. Jane Street Group LLC purchased a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 100,624 shares of the company’s stock, valued at approximately $2,340,000. Jane Street Group LLC owned 7.86% of Putnam PanAgora ESG Emerging Markets Equity ETF at the end of the most recent reporting period.

About Putnam PanAgora ESG Emerging Markets Equity ETF

The PortfolioPlus Emerging Markets ETF (PPEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of any capitalization located in emerging markets. Selected companies are perceived to possess positive environmental, social, and governance criteria.