Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Strong Trading Volume – Should You Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shares saw unusually-high trading volume on Monday . 27,048 shares traded hands during 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 firm has a market capitalization of $849.45 million, a P/E ratio of 28.96 and a beta of 1.06. The stock has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $35.85.

Putnam Sustainable Leaders ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were paid a dividend of $0.1386 per share. The ex-dividend date was Friday, December 19th. This represents a yield of 37.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Elevation Capital Advisory LLC bought a new position in Putnam Sustainable Leaders ETF in the second quarter worth about $230,000. Citadel Advisors LLC raised its position in shares of Putnam Sustainable Leaders ETF by 232.9% during the 3rd quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock worth $756,000 after purchasing an additional 14,733 shares during the period. Bond & Devick Financial Network Inc. raised its position in shares of Putnam Sustainable Leaders ETF by 6.1% during the 2nd quarter. Bond & Devick Financial Network Inc. now owns 36,985 shares of the company’s stock worth $1,249,000 after purchasing an additional 2,128 shares during the period. Bailard Inc. lifted its holdings in shares of Putnam Sustainable Leaders ETF by 3.5% in the 2nd quarter. Bailard Inc. now owns 60,503 shares of the company’s stock worth $2,043,000 after purchasing an additional 2,022 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Putnam Sustainable Leaders ETF by 4.0% during the 3rd quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock valued at $783,263,000 after purchasing an additional 831,613 shares during the period.

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.