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

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shares saw strong trading volume on Monday . 56,693 shares traded hands during trading, an increase of 27% from the previous session’s volume of 44,485 shares.The stock last traded at $29.72 and had previously closed at $28.43.

Putnam Sustainable Leaders ETF Stock Down 0.2 %

The firm has a 50-day moving average of $31.54 and a two-hundred day moving average of $33.21. The company has a market capitalization of $663.84 million, a PE ratio of 27.24 and a beta of 1.07.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Several institutional investors have recently made changes to their positions in PLDR. PNC Financial Services Group Inc. acquired a new position in Putnam Sustainable Leaders ETF in the 4th quarter worth about $29,000. Bailard Inc. raised its stake in shares of Putnam Sustainable Leaders ETF by 3.1% during the 4th quarter. Bailard Inc. now owns 64,020 shares of the company’s stock worth $2,134,000 after buying an additional 1,912 shares during the period. Bond & Devick Financial Network Inc. lifted its position in shares of Putnam Sustainable Leaders ETF by 112.5% during the 1st quarter. Bond & Devick Financial Network Inc. now owns 34,857 shares of the company’s stock valued at $1,072,000 after buying an additional 18,454 shares in the last quarter. Jane Street Group LLC grew its stake in Putnam Sustainable Leaders ETF by 525.6% in the 4th quarter. Jane Street Group LLC now owns 59,872 shares of the company’s stock valued at $1,996,000 after acquiring an additional 50,302 shares during the period. Finally, Franklin Resources Inc. grew its stake in Putnam Sustainable Leaders ETF by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 17,728,436 shares of the company’s stock valued at $608,263,000 after acquiring 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.