Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Stock Price Down 0.5% – Should You Sell?

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM)’s stock price fell 0.5% on Monday . The company traded as low as $20.42 and last traded at $20.44. 5,049 shares traded hands during mid-day trading, an increase of 93% from the average session volume of 2,621 shares. The stock had previously closed at $20.55.

Putnam PanAgora ESG Emerging Markets Equity ETF Trading Down 0.5 %

The company has a market capitalization of $26.16 million, a price-to-earnings ratio of 12.63 and a beta of 0.89. The firm’s 50 day simple moving average is $21.84 and its 200-day simple moving average is $22.08.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Putnam PanAgora ESG Emerging Markets Equity ETF stock. Franklin Resources Inc. grew its holdings in shares of Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,319,214 shares of the company’s stock after purchasing an additional 52,840 shares during the period. Franklin Resources Inc. owned approximately 103.06% of Putnam PanAgora ESG Emerging Markets Equity ETF worth $30,819,000 at the end of the most recent reporting period.

Putnam PanAgora ESG Emerging Markets Equity ETF Company Profile

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.