Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Large Volume Increase – Should You Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw an uptick in trading volume on Tuesday . 38,885 shares traded hands during trading, an increase of 5% from the previous session’s volume of 36,948 shares.The stock last traded at $31.01 and had previously closed at $31.15.

Putnam Sustainable Leaders ETF Stock Up 1.1 %

The firm has a market capitalization of $659.38 million, a PE ratio of 30.71 and a beta of 1.06. The business’s fifty day moving average price is $33.46 and its 200 day moving average price is $33.71.

Institutional Investors Weigh In On Putnam Sustainable Leaders ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in Putnam Sustainable Leaders ETF in the fourth quarter valued at approximately $29,000. Bailard Inc. grew its holdings in Putnam Sustainable Leaders ETF by 3.1% in the fourth quarter. Bailard Inc. now owns 64,020 shares of the company’s stock valued at $2,134,000 after purchasing an additional 1,912 shares during the period. Jane Street Group LLC grew its holdings in Putnam Sustainable Leaders ETF by 525.6% in the fourth quarter. Jane Street Group LLC now owns 59,872 shares of the company’s stock valued at $1,996,000 after purchasing an additional 50,302 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Putnam Sustainable Leaders ETF by 9.8% in the third quarter. Franklin Resources Inc. now owns 17,728,436 shares of the company’s stock valued at $608,263,000 after purchasing an additional 1,578,080 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.