Castle Wealth Management LLC Has $7.76 Million Stock Holdings in Putnam Emerging Markets ex-China ETF $PEMX

Castle Wealth Management LLC boosted its position in shares of Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) by 1,416.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 130,844 shares of the company’s stock after purchasing an additional 122,213 shares during the quarter. Putnam Emerging Markets ex-China ETF comprises 2.8% of Castle Wealth Management LLC’s holdings, making the stock its 7th biggest position. Castle Wealth Management LLC owned 0.52% of Putnam Emerging Markets ex-China ETF worth $7,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC bought a new stake in Putnam Emerging Markets ex-China ETF during the 1st quarter worth about $318,000. Fortis Capital Advisors LLC acquired a new position in shares of Putnam Emerging Markets ex-China ETF during the 1st quarter worth about $318,000. Jane Street Group LLC acquired a new position in shares of Putnam Emerging Markets ex-China ETF during the 1st quarter worth about $345,000. Finally, OLD Mission Capital LLC grew its position in shares of Putnam Emerging Markets ex-China ETF by 10.2% during the 1st quarter. OLD Mission Capital LLC now owns 8,768 shares of the company’s stock worth $439,000 after buying an additional 808 shares during the period.

Putnam Emerging Markets ex-China ETF Trading Down 0.1%

Putnam Emerging Markets ex-China ETF stock opened at $65.36 on Thursday. The firm has a market capitalization of $16.34 million, a P/E ratio of 15.37 and a beta of 0.73. Putnam Emerging Markets ex-China ETF has a 1 year low of $45.90 and a 1 year high of $66.15. The business has a 50-day moving average of $62.51 and a 200-day moving average of $58.15.

Putnam Emerging Markets ex-China ETF Profile

The Putnam Emerging Markets ex-China ETF (PEMX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that pursues alpha over a full market cycle through fundamental research in emerging markets, excluding China. The fund targets a portfolio comprised of value and/or growth stocks.