Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Trading Up 2% – Time to Buy?

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEMGet Free Report)’s stock price shot up 2% during mid-day trading on Friday . The stock traded as high as $22.95 and last traded at $22.93. 1,358 shares were traded during mid-day trading, a decline of 92% from the average session volume of 17,175 shares. The stock had previously closed at $22.48.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Up 2.0%

The firm has a market capitalization of $8.03 million, a P/E ratio of 15.43 and a beta of 0.89. The firm has a 50 day moving average price of $20.03 and a 200-day moving average price of $25.10.

Putnam PanAgora ESG Emerging Markets Equity ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were paid a dividend of $9.95 per share. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in Putnam PanAgora ESG Emerging Markets Equity ETF during the 1st quarter worth $4,296,000. Franklin Resources Inc. lifted its holdings in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock valued at $53,032,000 after buying an additional 63,962 shares during the period. Citadel Advisors LLC acquired a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter valued at about $553,000. Finally, Cetera Investment Advisers acquired a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the 4th quarter worth about $267,000.

About Putnam PanAgora ESG Emerging Markets Equity ETF

(Get Free Report)

The PortfolioPlus Emerging Markets ETF (PPEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of any capitalization located in emerging markets. Selected companies are perceived to possess positive environmental, social, and governance criteria. PPEM was launched on Jan 19, 2023 and is managed by Putnam.

Recommended Stories

Receive News & Ratings for Putnam PanAgora ESG Emerging Markets Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam PanAgora ESG Emerging Markets Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.