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Putnam PanAgora ESG International Equity ETF seeks long-term capital appreciation. The fund invests mainly in common stocks (growth or value stocks or both) of companies of any size outside the United States with a focus on companies that the fund's subadviser, PanAgora Asset Management, Inc. ("PanAgora"), believes offer attractive benchmark-relative returns and exhibit positive environmental, social and governance ("ESG") metrics. In evaluating and selecting investments for the fund, PanAgora employs a proprietary framework using quantitative models that identify companies that offer above-market return potential based on their ESG metrics, together with other proprietary factors measuring a company's financial and operational health, and then construct a portfolio that integrates return potential and ESG metrics.PanAgora uses advanced statistical and machine learning techniques and third-party and proprietary data sources to evaluate companies' ESG metrics and return potential. Metrics designed to evaluate companies' environmental practices may include third-party or proprietary data sources, including those regarding a company's environmental footprint or its environmental efficiencies. Metrics designed to evaluate companies' social practices may include third-party or proprietary data sources, including those regarding board diversity levels at a company.
Putnam ETF Trust Putnam Panagora Esg International Equity ETF trades on the ARCA stock market under the symbol PPIE.
As of March 28, 2024, PPIE stock price declined to $22.88 with 85,456 million shares trading.
PPIE has a market cap of $160.16 million. This is considered a Micro Cap stock.
PPIE has underperformed the market in the last year with a price return of +19.7% while the SPY ETF gained +33.6%. PPIE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +6.0% and +0.9%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
PPIE support price is $22.85 and resistance is $23.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PPIE stock will trade within this expected range on the day.