Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Stock Price Down 1.2% – Here’s Why

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM)’s share price traded down 1.2% on Tuesday . The stock traded as low as $27.86 and last traded at $27.86. 840 shares changed hands during trading, a decline of 80% from the average session volume of 4,143 shares. The stock had previously closed at $28.20.

Putnam PanAgora ESG Emerging Markets Equity ETF Price Performance

The stock’s 50 day simple moving average is $26.74 and its two-hundred day simple moving average is $24.54. The stock has a market cap of $52.38 million, a P/E ratio of 15.43 and a beta of 1.07.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Putnam PanAgora ESG Emerging Markets Equity ETF stock. Franklin Resources Inc. raised its stake in Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,869,425 shares of the company’s stock after buying an additional 191,722 shares during the quarter. Franklin Resources Inc. owned about 87.77% of Putnam PanAgora ESG Emerging Markets Equity ETF worth $46,076,000 at the end of the most recent reporting period.

About Putnam PanAgora ESG Emerging Markets Equity ETF

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.