Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Shares Up 1.7% – Should You Buy?

Shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) traded up 1.7% on Monday . The stock traded as high as $22.44 and last traded at $22.42. 3,125 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 3,953 shares. The stock had previously closed at $22.05.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Up 0.0 %

The firm’s 50 day moving average is $21.46 and its two-hundred day moving average is $21.99. The stock has a market cap of $41.83 million, a price-to-earnings ratio of 11.90 and a beta of 0.80.

Institutional Trading of Putnam PanAgora ESG Emerging Markets Equity ETF

A hedge fund recently raised its stake in Putnam PanAgora ESG Emerging Markets Equity ETF stock. Franklin Resources Inc. lifted its position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) by 33.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,766,185 shares of the company’s stock after purchasing an additional 446,971 shares during the quarter. Franklin Resources Inc. owned about 137.98% of Putnam PanAgora ESG Emerging Markets Equity ETF worth $36,825,000 as of its most recent filing with the SEC.

About Putnam PanAgora ESG Emerging Markets Equity ETF

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.