Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Strong Trading Volume After Dividend Announcement

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-high trading volume on Thursday after the company announced a dividend. Approximately 34,528 shares traded hands during trading, an increase of 13% from the previous session’s volume of 30,502 shares.The stock last traded at $37.1350 and had previously closed at $37.24.

The newly announced dividend which will be paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th will be issued a $0.1386 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a dividend yield of 37.0%.

Putnam Sustainable Leaders ETF Trading Up 0.2%

The business’s 50-day moving average is $36.86 and its two-hundred day moving average is $35.32. The firm has a market cap of $845.39 million, a P/E ratio of 28.96 and a beta of 1.06.

Institutional Investors Weigh In On Putnam Sustainable Leaders ETF

A number of institutional investors have recently added to or reduced their stakes in PLDR. Elevation Capital Advisory LLC purchased a new stake in shares of Putnam Sustainable Leaders ETF during the second quarter valued at $230,000. Citadel Advisors LLC lifted its stake in shares of Putnam Sustainable Leaders ETF by 232.9% in the 3rd quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock valued at $756,000 after purchasing an additional 14,733 shares during the last quarter. Bond & Devick Financial Network Inc. increased its holdings in shares of Putnam Sustainable Leaders ETF by 6.1% during the 2nd quarter. Bond & Devick Financial Network Inc. now owns 36,985 shares of the company’s stock valued at $1,249,000 after acquiring an additional 2,128 shares during the last quarter. Bailard Inc. raised its position in shares of Putnam Sustainable Leaders ETF by 3.5% in the second 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 period. Finally, Franklin Resources Inc. lifted its position in 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 acquiring 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.