Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Stock Price Down 0.5% – Time to Sell?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR)’s share price traded down 0.5% on Tuesday . The company traded as low as $34.05 and last traded at $34.05. 74,398 shares changed hands during trading, an increase of 73% from the average session volume of 43,065 shares. The stock had previously closed at $34.21.

Putnam Sustainable Leaders ETF Price Performance

The firm has a market cap of $724.41 million, a P/E ratio of 28.96 and a beta of 1.03. The stock’s 50 day moving average is $32.85 and its two-hundred day moving average is $32.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its position in Putnam Sustainable Leaders ETF by 13.3% in the 4th quarter. Franklin Resources Inc. now owns 20,086,310 shares of the company’s stock valued at $669,641,000 after acquiring an additional 2,357,874 shares during the period. Jane Street Group LLC increased its stake in shares of Putnam Sustainable Leaders ETF by 525.6% in the fourth quarter. Jane Street Group LLC now owns 59,872 shares of the company’s stock worth $1,996,000 after purchasing an additional 50,302 shares in the last quarter. Bond & Devick Financial Network Inc. raised its stake in 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 in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Putnam Sustainable Leaders ETF during the fourth quarter worth approximately $29,000.

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.