Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Large Volume Increase – What’s Next?

Shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-high trading volume on Wednesday . Approximately 29,920 shares were traded during trading, a decline of 5% from the previous session’s volume of 31,622 shares.The stock last traded at $37.5590 and had previously closed at $37.32.

Putnam Sustainable Leaders ETF Trading Up 0.6%

The stock’s 50-day moving average price is $36.92 and its 200-day moving average price is $35.42. The company has a market capitalization of $854.49 million, a P/E ratio of 28.96 and a beta of 1.06.

Putnam Sustainable Leaders ETF Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, December 19th. This represents a yield of 37.0%.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Several institutional investors have recently made changes to their positions in the stock. Elevation Capital Advisory LLC acquired a new position in Putnam Sustainable Leaders ETF during the 2nd quarter valued at approximately $230,000. Citadel Advisors LLC lifted its stake in Putnam Sustainable Leaders ETF by 232.9% in the third quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock valued at $756,000 after buying an additional 14,733 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its holdings in shares of Putnam Sustainable Leaders ETF by 6.1% during the second quarter. Bond & Devick Financial Network Inc. now owns 36,985 shares of the company’s stock valued at $1,249,000 after acquiring an additional 2,128 shares during the period. Bailard Inc. grew its position in shares of 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 acquiring an additional 2,022 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of 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 acquiring an additional 831,613 shares during the last quarter.

About Putnam Sustainable Leaders ETF

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.