Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Strong Trading Volume – What’s Next?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-high trading volume on Tuesday . Approximately 19,584 shares changed hands during trading, an increase of 33% from the previous session’s volume of 14,680 shares.The stock last traded at $37.1190 and had previously closed at $36.89.

Putnam Sustainable Leaders ETF Stock Performance

The company’s 50-day simple moving average is $37.23 and its 200 day simple moving average is $36.09. The company has a market cap of $842.10 million, a PE ratio of 28.96 and a beta of 1.06.

Putnam Sustainable Leaders ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a dividend of $0.1386 per share. The ex-dividend date was Friday, December 19th. This represents a yield of 37.0%.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elevation Capital Advisory LLC purchased a new stake in shares of Putnam Sustainable Leaders ETF during the second quarter worth approximately $230,000. Citadel Advisors LLC grew its holdings in Putnam Sustainable Leaders ETF by 232.9% during the 3rd quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock worth $756,000 after acquiring an additional 14,733 shares in the last quarter. Bond & Devick Financial Network Inc. increased its position in shares of Putnam Sustainable Leaders ETF by 14.6% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock valued at $1,520,000 after purchasing an additional 5,389 shares during the last quarter. Bailard Inc. increased its position in shares of Putnam Sustainable Leaders ETF by 3.5% in the 2nd quarter. Bailard Inc. now owns 60,503 shares of the company’s stock valued at $2,043,000 after purchasing an additional 2,022 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Putnam Sustainable Leaders ETF by 4.0% during the 3rd quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock worth $783,263,000 after purchasing an additional 831,613 shares during the last quarter.

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.