Putnam Sustainable Future ETF (NYSEARCA:PFUT) Shares Down 0.8% – Here’s What Happened

Putnam Sustainable Future ETF (NYSEARCA:PFUT)’s share price dropped 0.8% on Wednesday . The stock traded as low as $25.04 and last traded at $25.13. Approximately 14,849 shares changed hands during trading, a decline of 39% from the average daily volume of 24,356 shares. The stock had previously closed at $25.33.

Putnam Sustainable Future ETF Stock Performance

The stock has a market cap of $264.20 million, a P/E ratio of 30.00 and a beta of 1.18. The business’s 50-day moving average price is $24.72 and its 200-day moving average price is $24.27.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Putnam Sustainable Future ETF stock. Sentinel Pension Advisors Inc. purchased a new stake in shares of Putnam Sustainable Future ETF (NYSEARCA:PFUT) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,305 shares of the company’s stock, valued at approximately $202,000. Sentinel Pension Advisors Inc. owned approximately 0.08% of Putnam Sustainable Future ETF at the end of the most recent reporting period.

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.