Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Trading Up 2% – Here’s What Happened

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM)’s stock price was up 2% during mid-day trading on Tuesday . The company traded as high as $20.77 and last traded at $20.77. Approximately 288 shares traded hands during trading, a decline of 99% from the average daily volume of 21,493 shares. The stock had previously closed at $20.37.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Up 2.0%

The stock has a 50 day moving average of $22.28 and a 200-day moving average of $25.82. The company has a market capitalization of $7.27 million, a P/E ratio of 15.43 and a beta of 0.79.

Putnam PanAgora ESG Emerging Markets Equity ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were paid a $9.95 dividend. The ex-dividend date was Friday, February 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock worth $53,032,000 after purchasing an additional 63,962 shares during the period. Jane Street Group LLC raised its holdings in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 5.0% during the 2nd quarter. Jane Street Group LLC now owns 209,441 shares of the company’s stock worth $5,162,000 after acquiring an additional 9,904 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the 3rd quarter worth approximately $553,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Putnam PanAgora ESG Emerging Markets Equity ETF during the 4th quarter worth approximately $267,000.

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. PPEM was launched on Jan 19, 2023 and is managed by Putnam.