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

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM)’s stock price shot up 2% during trading on Friday . The company traded as high as $22.95 and last traded at $22.93. 1,358 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 17,175 shares. The stock had previously closed at $22.48.

Putnam PanAgora ESG Emerging Markets Equity ETF Price Performance

The firm has a market cap of $8.03 million, a PE ratio of 15.43 and a beta of 0.89. The stock has a 50-day moving average price of $20.03 and a 200 day moving average price of $25.10.

Putnam PanAgora ESG Emerging Markets Equity ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were issued 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 company. Cetera Investment Advisers acquired a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the fourth quarter valued at $267,000. Citadel Advisors LLC acquired a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the third quarter valued at $553,000. Jane Street Group LLC acquired a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the first quarter valued at $4,296,000. Finally, Franklin Resources Inc. boosted its holdings in Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% in the third quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock valued at $53,032,000 after acquiring an additional 63,962 shares during the last quarter.

Putnam PanAgora ESG Emerging Markets Equity ETF Company Profile

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.