Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Shares Down 1.7% – Here’s What Happened

Shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) fell 1.7% on Monday . The company traded as low as $21.80 and last traded at $21.80. 3,328 shares were traded during trading, a decline of 46% from the average session volume of 6,112 shares. The stock had previously closed at $22.18.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Down 1.7 %

The stock has a market capitalization of $40.98 million, a P/E ratio of 12.00 and a beta of 0.83. The company has a 50-day moving average price of $21.34 and a two-hundred day moving average price of $22.00.

Hedge Funds Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

An institutional investor recently bought a new position in Putnam PanAgora ESG Emerging Markets Equity ETF stock. Jane Street Group LLC bought a new position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 100,624 shares of the company’s stock, valued at approximately $2,340,000. Jane Street Group LLC owned approximately 7.86% of Putnam PanAgora ESG Emerging Markets Equity ETF as of its most recent SEC filing.

About Putnam PanAgora ESG Emerging Markets Equity ETF

The PortfolioPlus Emerging Markets ETF (PPEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of any capitalization located in emerging markets. Selected companies are perceived to possess positive environmental, social, and governance criteria.