Putnam Sustainable Future ETF (NYSEARCA:PFUT) Trading Up 0.3%

Putnam Sustainable Future ETF (NYSEARCA:PFUT) shares rose 0.3% during mid-day trading on Wednesday . The company traded as high as $24.38 and last traded at $24.31. Approximately 17,469 shares were traded during trading, a decline of 32% from the average daily volume of 25,644 shares. The stock had previously closed at $24.24.

Putnam Sustainable Future ETF Price Performance

The stock has a market capitalization of $255.98 million, a P/E ratio of 30.00 and a beta of 1.18. The stock’s fifty day moving average price is $24.22 and its 200 day moving average price is $23.36.

Institutional Investors Weigh In On Putnam Sustainable Future ETF

An institutional investor recently raised its position in Putnam Sustainable Future ETF stock. Putnam Investments LLC grew its stake in shares of Putnam Sustainable Future ETF (NYSEARCA:PFUT) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,360,824 shares of the company’s stock after acquiring an additional 334,905 shares during the period. Putnam Investments LLC owned about 112.51% of Putnam Sustainable Future ETF worth $204,088,000 at the end of the most recent quarter.

Putnam Sustainable Future ETF Company Profile

The Putnam Sustainable Future ETF (PFUT) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks capital appreciation by targeting US-listed companies with positive environmental, social, and economic development contributions measured by proprietary sustainability criteria.