Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Reaches New 52-Week High – Here’s Why

Putnam Sustainable Leaders ETF (NYSEARCA:PLDRGet Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $37.35 and last traded at $37.34, with a volume of 1463 shares changing hands. The stock had previously closed at $37.16.

Putnam Sustainable Leaders ETF Trading Down 0.2%

The firm has a market capitalization of $832.42 million, a price-to-earnings ratio of 28.96 and a beta of 1.06. The stock’s fifty day moving average price is $36.23 and its two-hundred day moving average price is $34.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PLDR. Bond & Devick Financial Network Inc. raised its position in shares of Putnam Sustainable Leaders ETF by 6.1% during the 2nd quarter. Bond & Devick Financial Network Inc. now owns 36,985 shares of the company’s stock worth $1,249,000 after acquiring an additional 2,128 shares in the last quarter. Elevation Capital Advisory LLC purchased a new position in Putnam Sustainable Leaders ETF in the second quarter valued at approximately $230,000. Bailard Inc. raised its holdings in Putnam Sustainable Leaders ETF by 3.5% during the second quarter. Bailard Inc. now owns 60,503 shares of the company’s stock worth $2,043,000 after purchasing an additional 2,022 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Putnam Sustainable Leaders ETF by 4.0% during the third quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock worth $783,263,000 after purchasing an additional 831,613 shares in the last quarter.

About Putnam Sustainable Leaders ETF

(Get Free Report)

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.

Further Reading

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