Putnam Sustainable Future ETF (NYSEARCA:PFUT) Stock Price Down 0.1%

Putnam Sustainable Future ETF (NYSEARCA:PFUT) shares were down 0.1% during mid-day trading on Thursday . The company traded as low as $22.90 and last traded at $23.14. Approximately 18,595 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 23,344 shares. The stock had previously closed at $23.17.

Putnam Sustainable Future ETF Price Performance

The firm has a 50-day simple moving average of $23.64 and a 200 day simple moving average of $21.63. The stock has a market capitalization of $233.68 million, a P/E ratio of 29.13 and a beta of 1.16.

Hedge Funds Weigh In On Putnam Sustainable Future ETF

A hedge fund recently raised its stake in Putnam Sustainable Future ETF stock. Putnam Investments LLC lifted its position in shares of Putnam Sustainable Future ETF (NYSEARCA:PFUT) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,360,824 shares of the company’s stock after buying an additional 334,905 shares during the quarter. Putnam Investments LLC owned about 112.51% of Putnam Sustainable Future ETF worth $204,088,000 at the end of the most recent reporting period.

About Putnam Sustainable Future ETF

The Putnam Sustainable Future ETF (PFUT) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks capital appreciation by targeting US-listed companies with positive environmental, social, and economic development contributions measured by proprietary sustainability criteria.