Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Trading Down 0.4% – What’s Next?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR)’s stock price dropped 0.4% during mid-day trading on Thursday . The stock traded as low as $38.05 and last traded at $38.05. Approximately 115 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 181,434 shares. The stock had previously closed at $38.20.

Putnam Sustainable Leaders ETF Price Performance

The firm has a fifty day simple moving average of $35.51 and a 200-day simple moving average of $36.42. The firm has a market cap of $4.59 million, a P/E ratio of 28.96 and a beta of 1.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PLDR. Franklin Resources Inc. increased its position in Putnam Sustainable Leaders ETF by 6.8% in the fourth quarter. Franklin Resources Inc. now owns 23,322,468 shares of the company’s stock worth $867,845,000 after buying an additional 1,491,920 shares during the last quarter. Bailard Inc. increased its position in Putnam Sustainable Leaders ETF by 1.8% in the fourth quarter. Bailard Inc. now owns 63,803 shares of the company’s stock worth $2,374,000 after buying an additional 1,151 shares during the last quarter. Bond & Devick Financial Network Inc. increased its position in Putnam Sustainable Leaders ETF by 14.6% in the third quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock worth $1,520,000 after buying an additional 5,389 shares during the last quarter. Citadel Advisors LLC increased its position in Putnam Sustainable Leaders ETF by 232.9% in the third quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock worth $756,000 after buying an additional 14,733 shares during the last quarter. Finally, Royal Bank of Canada purchased a new stake in Putnam Sustainable Leaders ETF in the fourth quarter worth $728,000.

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.