Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Large Volume Increase – Still a Buy?

Shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-high trading volume on Monday . Approximately 54,034 shares changed hands during mid-day trading, an increase of 45% from the previous session’s volume of 37,161 shares.The stock last traded at $31.59 and had previously closed at $31.17.

Putnam Sustainable Leaders ETF Price Performance

The firm has a market capitalization of $668.66 million, a P/E ratio of 30.71 and a beta of 1.06. The stock’s 50-day simple moving average is $33.32 and its two-hundred day simple moving average is $33.70.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new position in shares of Putnam Sustainable Leaders ETF in the fourth quarter valued at about $29,000. Jane Street Group LLC lifted its holdings in Putnam Sustainable Leaders ETF by 525.6% in the 4th 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 in the last quarter. Bailard Inc. boosted its stake in Putnam Sustainable Leaders ETF by 3.1% in the 4th quarter. Bailard Inc. now owns 64,020 shares of the company’s stock worth $2,134,000 after purchasing an additional 1,912 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Putnam Sustainable Leaders ETF by 9.8% in 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.

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.