Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-high trading volume on Monday . Approximately 63,642 shares were traded during mid-day trading, an increase of 128% from the previous session’s volume of 27,957 shares.The stock last traded at $33.83 and had previously closed at $34.46.

Putnam Sustainable Leaders ETF Stock Performance

The stock has a market cap of $700.20 million, a PE ratio of 32.95 and a beta of 1.06. The stock has a fifty day moving average price of $34.07 and a 200 day moving average price of $33.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bond & Devick Financial Network Inc. purchased a new stake in shares of Putnam Sustainable Leaders ETF in the third quarter valued at $555,000. Franklin Resources Inc. boosted its stake in shares of Putnam Sustainable Leaders ETF by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 17,728,436 shares of the company’s stock worth $608,263,000 after purchasing an additional 1,578,080 shares during the period. Bailard Inc. grew its holdings in Putnam Sustainable Leaders ETF by 3.1% during the 4th quarter. Bailard Inc. now owns 64,020 shares of the company’s stock valued at $2,134,000 after purchasing an additional 1,912 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in Putnam Sustainable Leaders ETF in the 4th quarter worth about $29,000. Finally, Jane Street Group LLC lifted its stake in Putnam Sustainable Leaders ETF by 525.6% in the fourth quarter. Jane Street Group LLC now owns 59,872 shares of the company’s stock worth $1,996,000 after purchasing an additional 50,302 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.