Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 351,464 shares, a decline of 55.1% from the September 15th total of 782,685 shares. Based on an average daily trading volume, of 1,644,451 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.
Putnam Focused Large Cap Value ETF Stock Down 0.1%
PVAL traded down $0.03 during midday trading on Tuesday, hitting $54.11. 1,675,784 shares of the company traded hands, compared to its average volume of 1,633,172. The firm has a market capitalization of $14.82 billion, a PE ratio of 17.86 and a beta of 0.84. The company’s 50-day moving average is $53.84 and its 200 day moving average is $51.45. Putnam Focused Large Cap Value ETF has a 52 week low of $41.86 and a 52 week high of $54.70.
Institutional Trading of Putnam Focused Large Cap Value ETF
A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. bought a new position in Putnam Focused Large Cap Value ETF during the first quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Putnam Focused Large Cap Value ETF by 113.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock worth $72,000 after purchasing an additional 748 shares during the last quarter. Community Bank N.A. purchased a new stake in Putnam Focused Large Cap Value ETF in the second quarter worth approximately $79,000. Signature Equity Partners LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the first quarter worth approximately $75,000. Finally, International Assets Investment Management LLC grew its position in Putnam Focused Large Cap Value ETF by 44.4% in the 1st quarter. International Assets Investment Management LLC now owns 1,950 shares of the company’s stock worth $91,000 after purchasing an additional 600 shares during the period.
Putnam Focused Large Cap Value ETF Company Profile
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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