Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Shares Gap Up – Time to Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shares gapped up prior to trading on Thursday . The stock had previously closed at $27.23, but opened at $28.83. Putnam Sustainable Leaders ETF shares last traded at $28.85, with a volume of 312 shares changing hands.

Putnam Sustainable Leaders ETF Stock Performance

The company has a market cap of $583.90 million, a price-to-earnings ratio of 28.94 and a beta of 1.06. The business has a fifty day moving average price of $31.97 and a 200 day moving average price of $33.34.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in shares of Putnam Sustainable Leaders ETF by 9.8% during the third quarter. Franklin Resources Inc. now owns 17,728,436 shares of the company’s stock worth $608,263,000 after buying an additional 1,578,080 shares in the last quarter. Bailard Inc. grew 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 acquiring an additional 1,912 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in Putnam Sustainable Leaders ETF in the 4th quarter worth about $29,000. Jane Street Group LLC raised its position in Putnam Sustainable Leaders ETF by 525.6% in the fourth quarter. Jane Street Group LLC now owns 59,872 shares of the company’s stock valued at $1,996,000 after purchasing an additional 50,302 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. boosted its stake in shares of Putnam Sustainable Leaders ETF by 112.5% during the first quarter. Bond & Devick Financial Network Inc. now owns 34,857 shares of the company’s stock valued at $1,072,000 after purchasing an additional 18,454 shares in the last quarter.

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.