Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $51.52 and last traded at $51.42, with a volume of 520379 shares changing hands. The stock had previously closed at $50.83.
Putnam Focused Large Cap Value ETF Trading Up 1.1%
The company has a 50-day simple moving average of $49.29 and a 200 day simple moving average of $47.54. The company has a market cap of $10.45 billion, a P/E ratio of 17.86 and a beta of 0.84.
Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in Putnam Focused Large Cap Value ETF by 48.4% during the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after purchasing an additional 11,707,304 shares in the last quarter. Morgan Stanley boosted its position in Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after purchasing an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers boosted its position in Putnam Focused Large Cap Value ETF by 21.6% during the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after purchasing an additional 1,483,240 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Putnam Focused Large Cap Value ETF by 11.4% during the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock valued at $331,959,000 after purchasing an additional 734,798 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after purchasing an additional 1,009,485 shares in the last quarter.
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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