Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $52.16 and last traded at $52.11, with a volume of 134689 shares trading hands. The stock had previously closed at $51.87.
Putnam Focused Large Cap Value ETF Trading Up 0.3%
The firm has a market capitalization of $12.41 billion, a PE ratio of 17.86 and a beta of 0.84. The business’s 50 day simple moving average is $50.83 and its 200 day simple moving average is $48.63.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Allworth Financial LP lifted its stake in shares of Putnam Focused Large Cap Value ETF by 7.3% in the 4th quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after purchasing an additional 219 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock worth $432,000 after purchasing an additional 249 shares during the period. Next Level Private LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 4.4% during the 1st quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock valued at $278,000 after purchasing an additional 250 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Putnam Focused Large Cap Value ETF by 2.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after purchasing an additional 300 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in Putnam Focused Large Cap Value ETF by 1.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock valued at $1,274,000 after buying an additional 413 shares during the period.
About Putnam Focused Large Cap Value ETF
The Putnam Focused Large Cap Value ETF (PVAL) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent ETF that provides exposure to large-cap value companies in the US. The fund utilizes the Fidelity non-transparent model. PVAL was launched on May 25, 2021 and is managed by Putnam.
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