Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Sees Large Volume Increase – Should You Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw unusually-strong trading volume on Tuesday . Approximately 48,409 shares traded hands during trading, an increase of 76% from the previous session’s volume of 27,489 shares.The stock last traded at $34.53 and had previously closed at $34.57.

Putnam Sustainable Leaders ETF Price Performance

The business has a fifty day moving average price of $34.10 and a two-hundred day moving average price of $33.69. The firm has a market cap of $566.91 million, a PE ratio of 29.28 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PLDR. Bond & Devick Financial Network Inc. purchased a new position in Putnam Sustainable Leaders ETF in the third quarter valued at about $555,000. Franklin Resources Inc. grew its stake in Putnam Sustainable Leaders ETF by 9.8% in the third quarter. Franklin Resources Inc. now owns 17,728,436 shares of the company’s stock valued at $608,263,000 after purchasing an additional 1,578,080 shares in the last quarter. Bailard Inc. grew its stake in Putnam Sustainable Leaders ETF by 3.1% in the fourth quarter. Bailard Inc. now owns 64,020 shares of the company’s stock valued at $2,134,000 after purchasing an additional 1,912 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Putnam Sustainable Leaders ETF in the fourth quarter valued at about $29,000. Finally, Jane Street Group LLC grew its stake 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 in the last quarter.

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.