Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Trading Down 0.8% – What’s Next?

Shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) dropped 0.8% during trading on Wednesday . The stock traded as low as $27.14 and last traded at $27.14. Approximately 3,982 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 3,753 shares. The stock had previously closed at $27.36.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Down 0.8%

The company’s 50-day simple moving average is $27.76 and its 200 day simple moving average is $26.25. The company has a market capitalization of $51.02 million, a P/E ratio of 15.43 and a beta of 0.71.

Institutional Trading of Putnam PanAgora ESG Emerging Markets Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 11.4% in the second quarter. Franklin Resources Inc. now owns 1,869,425 shares of the company’s stock worth $46,076,000 after buying an additional 191,722 shares during the last quarter. Jane Street Group LLC boosted its position in Putnam PanAgora ESG Emerging Markets Equity ETF by 5.0% during the second quarter. Jane Street Group LLC now owns 209,441 shares of the company’s stock worth $5,162,000 after purchasing an additional 9,904 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF during the third quarter worth approximately $553,000.

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.