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

Shares of Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) saw an uptick in trading volume on Monday . 63,642 shares were traded during mid-day trading, an increase of 128% from the previous session’s volume of 27,957 shares.The stock last traded at $33.83 and had previously closed at $34.46.

Putnam Sustainable Leaders ETF Stock Performance

The stock’s 50-day moving average price is $34.04 and its two-hundred day moving average price is $33.81. The stock has a market capitalization of $692.37 million, a PE ratio of 32.95 and a beta of 1.06.

Hedge Funds Weigh In On Putnam Sustainable Leaders ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. bought a new position in shares of Putnam Sustainable Leaders ETF in the fourth quarter worth approximately $29,000. Bond & Devick Financial Network Inc. bought a new position in Putnam Sustainable Leaders ETF in the 3rd quarter worth $555,000. Jane Street Group LLC boosted its holdings in Putnam Sustainable Leaders ETF by 525.6% in the 4th quarter. Jane Street Group LLC now owns 59,872 shares of the company’s stock worth $1,996,000 after buying an additional 50,302 shares during the period. Bailard Inc. increased its stake in Putnam Sustainable Leaders ETF by 3.1% in the 4th quarter. Bailard Inc. now owns 64,020 shares of the company’s stock worth $2,134,000 after buying an additional 1,912 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Putnam Sustainable Leaders ETF by 9.8% during the third quarter. Franklin Resources Inc. now owns 17,728,436 shares of the company’s stock valued at $608,263,000 after acquiring an additional 1,578,080 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.