Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) Reaches New 52-Week High – Time to Buy?

Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) reached a new 52-week high during trading on Monday . The stock traded as high as $34.67 and last traded at $34.67, with a volume of 679 shares trading hands. The stock had previously closed at $34.45.

Putnam Sustainable Leaders ETF Stock Performance

The stock has a market cap of $571.01 million, a price-to-earnings ratio of 29.28 and a beta of 1.02. The business has a 50-day simple moving average of $33.87 and a two-hundred day simple moving average of $32.77.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Putnam Sustainable Leaders ETF stock. Bond & Devick Financial Network Inc. bought a new stake in Putnam Sustainable Leaders ETF (NYSEARCA:PLDR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,403 shares of the company’s stock, valued at approximately $555,000. Bond & Devick Financial Network Inc. owned about 0.10% of Putnam Sustainable Leaders ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.