Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Trading Down 0.8% – Time to Sell?

Shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEMGet Free Report) traded down 0.8% on Wednesday . The company traded as low as $27.14 and last traded at $27.14. 3,982 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 3,753 shares. The stock had previously closed at $27.36.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Performance

The business’s 50 day simple moving average is $27.74 and its 200-day simple moving average is $26.28. The stock has a market capitalization of $48.94 million, a price-to-earnings ratio of 15.43 and a beta of 0.71.

Putnam PanAgora ESG Emerging Markets Equity ETF Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Tuesday, December 23rd. Investors of record on Friday, December 19th will be given a $1.6076 dividend. This represents a yield of 618.0%. The ex-dividend date is Friday, December 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the first quarter valued at about $4,296,000. Franklin Resources Inc. lifted its stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 11.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,869,425 shares of the company’s stock worth $46,076,000 after acquiring an additional 191,722 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF in the third quarter valued at approximately $553,000.

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.

See Also

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.