Putnam Sustainable Future ETF (NYSEARCA:PFUT) Trading Down 0.8% – Should You Sell?

Putnam Sustainable Future ETF (NYSEARCA:PFUT) shares were down 0.8% during mid-day trading on Wednesday . The company traded as low as $25.04 and last traded at $25.13. Approximately 14,849 shares traded hands during trading, a decline of 39% from the average daily volume of 24,356 shares. The stock had previously closed at $25.33.

Putnam Sustainable Future ETF Price Performance

The company has a market cap of $264.62 million, a price-to-earnings ratio of 30.00 and a beta of 1.18. The stock has a 50-day moving average price of $24.68 and a 200 day moving average price of $24.26.

Institutional Investors Weigh In On Putnam Sustainable Future ETF

A hedge fund recently bought a new stake in Putnam Sustainable Future ETF stock. Sentinel Pension Advisors Inc. purchased a new position in shares of Putnam Sustainable Future ETF (NYSEARCA:PFUT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,305 shares of the company’s stock, valued at approximately $202,000. Sentinel Pension Advisors Inc. owned 0.08% of Putnam Sustainable Future ETF at the end of the most recent reporting period.

About Putnam Sustainable Future ETF

The Putnam Sustainable Future ETF (PFUT) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks capital appreciation by targeting US-listed companies with positive environmental, social, and economic development contributions measured by proprietary sustainability criteria.