Franklin Resources Inc. Cuts Position in Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX)

Franklin Resources Inc. lowered its position in Putnam Emerging Markets ex-China ETF (NYSEARCA:PEMX) by 41.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the company’s stock after selling 35,000 shares during the quarter. Franklin Resources Inc. owned approximately 33.33% of Putnam Emerging Markets ex-China ETF worth $2,573,000 as of its most recent SEC filing.

Separately, Castle Wealth Management LLC purchased a new stake in shares of Putnam Emerging Markets ex-China ETF during the 4th quarter worth $481,000.

Putnam Emerging Markets ex-China ETF Trading Up 2.2 %

Shares of PEMX stock opened at $49.21 on Friday. The firm has a fifty day moving average price of $50.49 and a 200 day moving average price of $52.68. Putnam Emerging Markets ex-China ETF has a 12 month low of $45.90 and a 12 month high of $58.16. The company has a market cap of $7.38 million, a P/E ratio of 17.25 and a beta of 0.98.

Putnam Emerging Markets ex-China ETF Company Profile

The Putnam Emerging Markets ex-China ETF (PEMX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that pursues alpha over a full market cycle through fundamental research in emerging markets, excluding China. The fund targets a portfolio comprised of value and/or growth stocks.