Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Large Volume Increase – Here’s Why

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shares saw strong trading volume on Monday . 29,991 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 15,686 shares.The stock last traded at $36.9090 and had previously closed at $36.73.

Putnam Sustainable Leaders ETF Price Performance

The business’s 50-day moving average price is $37.30 and its 200 day moving average price is $36.17. The firm has a market capitalization of $832.32 million, a price-to-earnings ratio of 28.96 and a beta of 1.06.

Putnam Sustainable Leaders ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a $0.1386 dividend. The ex-dividend date was Friday, December 19th. This represents a yield of 37.0%.

Institutional Trading of Putnam Sustainable Leaders ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PLDR. Bailard Inc. grew its stake in Putnam Sustainable Leaders ETF by 3.5% during the 2nd quarter. Bailard Inc. now owns 60,503 shares of the company’s stock valued at $2,043,000 after purchasing an additional 2,022 shares in the last quarter. Bond & Devick Financial Network Inc. boosted its stake in shares of Putnam Sustainable Leaders ETF by 14.6% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock valued at $1,520,000 after buying an additional 5,389 shares during the last quarter. Elevation Capital Advisory LLC purchased a new position in shares of Putnam Sustainable Leaders ETF during the 2nd quarter valued at approximately $230,000. Citadel Advisors LLC grew its position in shares of Putnam Sustainable Leaders ETF by 232.9% during the third quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock worth $756,000 after buying an additional 14,733 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Putnam Sustainable Leaders ETF by 4.0% in the third 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.

Putnam Sustainable Leaders ETF Company Profile

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.