Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Unusually-High Trading Volume – Time to Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shares saw strong trading volume on Monday . 27,048 shares changed hands during mid-day trading, an increase of 154% from the previous session’s volume of 10,658 shares.The stock last traded at $37.6960 and had previously closed at $37.55.

Putnam Sustainable Leaders ETF Stock Performance

The company’s 50 day moving average price is $37.17 and its 200 day moving average price is $35.85. The company has a market cap of $849.45 million, a price-to-earnings ratio of 28.96 and a beta of 1.06.

Putnam Sustainable Leaders ETF Announces Dividend

The business also recently announced 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. This represents a yield of 37.0%. The ex-dividend date was Friday, December 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Elevation Capital Advisory LLC bought a new position in shares of Putnam Sustainable Leaders ETF in the 2nd quarter valued at approximately $230,000. Citadel Advisors LLC grew its holdings in Putnam Sustainable Leaders ETF by 232.9% during the third 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. raised its position in shares of Putnam Sustainable Leaders ETF by 6.1% in the second quarter. Bond & Devick Financial Network Inc. now owns 36,985 shares of the company’s stock valued at $1,249,000 after purchasing an additional 2,128 shares during the period. 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 stake in shares of Putnam Sustainable Leaders ETF by 4.0% in the third quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock worth $783,263,000 after buying 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.