Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Trading Down 1.7% – Time to Sell?

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) dropped 1.7% during trading on Monday . The stock traded as low as $21.80 and last traded at $21.80. Approximately 3,328 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 6,112 shares. The stock had previously closed at $22.18.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Performance

The company’s 50-day moving average price is $21.34 and its 200 day moving average price is $22.00. The stock has a market capitalization of $40.98 million, a PE ratio of 12.00 and a beta of 0.83.

Hedge Funds Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

An institutional investor recently bought a new position in Putnam PanAgora ESG Emerging Markets Equity ETF stock. Jane Street Group LLC purchased a new position in Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 100,624 shares of the company’s stock, valued at approximately $2,340,000. Jane Street Group LLC owned approximately 7.86% of Putnam PanAgora ESG Emerging Markets Equity ETF at the end of the most recent reporting period.

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.