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

Shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-strong trading volume on Tuesday . Approximately 48,409 shares changed hands during trading, an increase of 76% from the previous session’s volume of 27,489 shares.The stock last traded at $34.53 and had previously closed at $34.57.

Putnam Sustainable Leaders ETF Price Performance

The company’s 50-day moving average price is $34.09 and its 200-day moving average price is $33.70. The company has a market cap of $564.45 million, a P/E ratio of 29.28 and a beta of 1.02.

Institutional Trading of Putnam Sustainable Leaders ETF

Large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Putnam Sustainable Leaders ETF by 13.3% in the fourth quarter. Franklin Resources Inc. now owns 20,086,310 shares of the company’s stock valued at $669,641,000 after purchasing an additional 2,357,874 shares during the period. Bailard Inc. boosted its position in Putnam Sustainable Leaders ETF by 3.1% during the 4th quarter. Bailard Inc. now owns 64,020 shares of the company’s stock worth $2,134,000 after buying an additional 1,912 shares during the period. Jane Street Group LLC boosted its position in Putnam Sustainable Leaders ETF by 525.6% during the 4th quarter. Jane Street Group LLC now owns 59,872 shares of the company’s stock worth $1,996,000 after buying an additional 50,302 shares during the period. Bond & Devick Financial Network Inc. bought a new stake in shares of Putnam Sustainable Leaders ETF in the 3rd quarter valued at $555,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Putnam Sustainable Leaders ETF in the 4th quarter valued at $29,000.

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.