Putnam Sustainable Future ETF (NYSEARCA:PFUT) Stock Price Down 1.1%

Putnam Sustainable Future ETF (NYSEARCA:PFUT) shares fell 1.1% on Tuesday . The company traded as low as $24.83 and last traded at $24.89. 24,190 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 24,650 shares. The stock had previously closed at $25.17.

Putnam Sustainable Future ETF Trading Down 1.1 %

The stock has a market cap of $262.09 million, a price-to-earnings ratio of 30.00 and a beta of 1.18. The company has a fifty day simple moving average of $24.19 and a 200-day simple moving average of $24.14.

Institutional Investors Weigh In On Putnam Sustainable Future ETF

A hedge fund recently raised its stake in Putnam Sustainable Future ETF stock. Putnam Investments LLC boosted its holdings in shares of Putnam Sustainable Future ETF (NYSEARCA:PFUT) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,360,824 shares of the company’s stock after acquiring an additional 334,905 shares during the quarter. Putnam Investments LLC owned 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.