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

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) shares saw an uptick in trading volume on Tuesday . 203 shares were traded during trading, an increase of 51% from the previous session’s volume of 134 shares.The stock last traded at $37.3550 and had previously closed at $37.36.

Putnam Sustainable Leaders ETF Trading Up 0.1%

The stock has a market cap of $845.63 million, a P/E ratio of 28.96 and a beta of 1.06. The business’s fifty day simple moving average is $37.14 and its 200 day simple moving average is $35.77.

Putnam Sustainable Leaders ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a $0.1386 dividend. This represents a dividend yield of 37.0%. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Several hedge funds have recently added to or reduced their stakes in PLDR. Franklin Resources Inc. boosted its stake in shares of Putnam Sustainable Leaders ETF by 4.0% in the 3rd quarter. Franklin Resources Inc. now owns 21,830,548 shares of the company’s stock valued at $783,263,000 after purchasing an additional 831,613 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Putnam Sustainable Leaders ETF by 232.9% in the third quarter. Citadel Advisors LLC now owns 21,059 shares of the company’s stock valued at $756,000 after buying an additional 14,733 shares during the period. Elevation Capital Advisory LLC bought a new position in Putnam Sustainable Leaders ETF in the second quarter valued at approximately $230,000. Bond & Devick Financial Network Inc. boosted its stake in Putnam Sustainable Leaders ETF by 14.6% in the third quarter. Bond & Devick Financial Network Inc. now owns 42,374 shares of the company’s stock valued at $1,520,000 after acquiring an additional 5,389 shares during the last quarter. Finally, Bailard Inc. grew its holdings in Putnam Sustainable Leaders ETF by 3.6% during the 3rd quarter. Bailard Inc. now owns 62,652 shares of the company’s stock worth $2,248,000 after acquiring an additional 2,149 shares during the period.

About Putnam Sustainable Leaders ETF

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. PLDR was launched on May 25, 2021 and is managed by Putnam.