Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Shares Up 0.1% – Time to Buy?

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

Putnam Sustainable Leaders ETF Price Performance

The company has a market cap of $4.55 million, a PE ratio of 28.96 and a beta of 1.06. The business has a 50-day moving average of $37.86 and a 200 day moving average of $37.23.

Institutional Investors Weigh In On Putnam Sustainable Leaders ETF

A hedge fund recently raised its position in Putnam Sustainable Leaders ETF stock. Franklin Resources Inc. grew its holdings in shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,322,468 shares of the company’s stock after purchasing an additional 1,491,920 shares during the quarter. Franklin Resources Inc. owned approximately 103.43% of Putnam Sustainable Leaders ETF worth $867,845,000 as of its most recent filing with the Securities & Exchange Commission.

About Putnam Sustainable Leaders ETF

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.