Putnam Sustainable Future ETF $PFUT Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of Putnam Sustainable Future ETF (NYSEARCA:PFUT) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,495,685 shares of the company’s stock after purchasing an additional 865,547 shares during the period. Franklin Resources Inc. owned approximately 0.97% of Putnam Sustainable Future ETF worth $392,196,000 at the end of the most recent reporting period.

Separately, Cetera Investment Advisers acquired a new position in shares of Putnam Sustainable Future ETF during the 2nd quarter worth approximately $237,000.

Putnam Sustainable Future ETF Stock Performance

Putnam Sustainable Future ETF stock opened at $25.85 on Tuesday. The company’s fifty day moving average price is $25.14 and its 200 day moving average price is $25.10. Putnam Sustainable Future ETF has a 1 year low of $22.66 and a 1 year high of $26.77. The stock has a market capitalization of $5.17 million, a P/E ratio of 33.10 and a beta of 1.13.

About Putnam Sustainable Future ETF

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. The fund utilizes the Fidelity non-transparent model. PFUT was launched on May 25, 2021 and is managed by Putnam.