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 Friday . 77,620 shares traded hands during mid-day trading, an increase of 86% from the previous session’s volume of 41,766 shares.The stock last traded at $35.27 and had previously closed at $35.09.

Putnam Sustainable Leaders ETF Stock Performance

The firm has a market cap of $575.92 million, a price-to-earnings ratio of 29.28 and a beta of 1.02. The business has a fifty day moving average of $34.13 and a two-hundred day moving average of $32.99.

Institutional Trading of Putnam Sustainable Leaders ETF

A hedge fund recently raised its stake in Putnam Sustainable Leaders ETF stock. Franklin Resources Inc. raised its holdings in shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,728,436 shares of the company’s stock after purchasing an additional 1,578,080 shares during the period. Franklin Resources Inc. owned about 108.23% of Putnam Sustainable Leaders ETF worth $608,263,000 as of its most recent SEC filing.

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.