Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Hits New 52-Week High – Time to Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $37.67 and last traded at $37.67, with a volume of 11724 shares traded. The stock had previously closed at $37.47.

Putnam Sustainable Leaders ETF Stock Up 0.5%

The business’s 50-day moving average price is $36.51 and its 200-day moving average price is $34.89. The firm has a market capitalization of $856.99 million, a PE ratio of 28.96 and a beta of 1.06.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Several institutional investors and hedge funds have recently modified their holdings of PLDR. Bailard Inc. boosted its position in Putnam Sustainable Leaders ETF by 3.5% during the second quarter. Bailard Inc. now owns 60,503 shares of the company’s stock valued at $2,043,000 after purchasing an additional 2,022 shares during the last quarter. Bond & Devick Financial Network Inc. raised its stake 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 in the last quarter. Elevation Capital Advisory LLC bought a new stake in shares of Putnam Sustainable Leaders ETF in the 2nd quarter valued at approximately $230,000. Citadel Advisors LLC increased its holdings 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, Franklin Resources Inc. raised its position in Putnam Sustainable Leaders ETF by 4.0% during the third quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock valued at $783,263,000 after acquiring an additional 831,613 shares in the last quarter.

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.