Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-high trading volume on Friday . Approximately 41,085 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 32,164 shares.The stock last traded at $37.0550 and had previously closed at $37.11.

Putnam Sustainable Leaders ETF Stock Performance

The company has a market capitalization of $833.40 million, a P/E ratio of 28.96 and a beta of 1.06. The business’s fifty day simple moving average is $35.82 and its 200-day simple moving average is $33.90.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Elevation Capital Advisory LLC purchased a new position in shares of Putnam Sustainable Leaders ETF in the 2nd quarter worth $230,000. Bond & Devick Financial Network Inc. grew its stake in shares of Putnam Sustainable Leaders ETF by 6.1% in the 2nd quarter. Bond & Devick Financial Network Inc. now owns 36,985 shares of the company’s stock worth $1,249,000 after buying an additional 2,128 shares in the last quarter. Finally, Bailard Inc. grew its stake 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 buying an additional 2,022 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.