Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Large Volume Increase – What’s Next?

Shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-strong trading volume on Monday . Approximately 26,142 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 31,342 shares.The stock last traded at $36.4620 and had previously closed at $35.85.

Putnam Sustainable Leaders ETF Stock Performance

The stock has a market cap of $835.38 million, a PE ratio of 28.96 and a beta of 1.06. The stock has a fifty day moving average price of $36.30 and a 200 day moving average price of $34.63.

Institutional Investors Weigh In On Putnam Sustainable Leaders ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PLDR. Elevation Capital Advisory LLC bought a new stake in shares of Putnam Sustainable Leaders ETF in the 2nd quarter worth about $230,000. Citadel Advisors LLC raised its position in Putnam Sustainable Leaders ETF by 232.9% in the 3rd quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock worth $756,000 after purchasing an additional 14,733 shares during the period. Bond & Devick Financial Network Inc. raised its position in Putnam Sustainable Leaders ETF by 6.1% in the 2nd quarter. Bond & Devick Financial Network Inc. now owns 36,985 shares of the company’s stock worth $1,249,000 after purchasing an additional 2,128 shares during the period. Bailard Inc. lifted its stake in Putnam Sustainable Leaders ETF by 3.5% in the second quarter. Bailard Inc. now owns 60,503 shares of the company’s stock worth $2,043,000 after purchasing an additional 2,022 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Putnam Sustainable Leaders ETF by 4.0% during the third quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock valued at $783,263,000 after buying an additional 831,613 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.