Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Trading Down 0.4% – Time to Sell?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shares were down 0.4% during trading on Thursday . The company traded as low as $38.05 and last traded at $38.05. Approximately 115 shares changed hands during trading, a decline of 100% from the average daily volume of 181,434 shares. The stock had previously closed at $38.20.

Putnam Sustainable Leaders ETF Trading Down 0.4%

The business has a fifty day simple moving average of $35.51 and a 200 day simple moving average of $36.42. The stock has a market capitalization of $4.57 million, a P/E ratio of 28.96 and a beta of 1.07.

Institutional Trading of Putnam Sustainable Leaders ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new stake in Putnam Sustainable Leaders ETF during the 4th quarter worth approximately $728,000. Citadel Advisors LLC boosted its stake in shares of Putnam Sustainable Leaders ETF by 232.9% in the 3rd 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. Bond & Devick Financial Network Inc. boosted its stake in shares of Putnam Sustainable Leaders ETF by 14.6% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock worth $1,520,000 after buying an additional 5,389 shares during the last quarter. Bailard Inc. boosted its stake in shares of Putnam Sustainable Leaders ETF by 3.6% in the 3rd quarter. Bailard Inc. now owns 62,652 shares of the company’s stock worth $2,248,000 after buying an additional 2,149 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Putnam Sustainable Leaders ETF by 4.0% in the 3rd quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock worth $783,263,000 after buying an additional 831,613 shares during the last quarter.

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.