Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Reaches New 12-Month High – Here’s What Happened

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $54.63 and last traded at $54.62, with a volume of 193050 shares changing hands. The stock had previously closed at $54.17.

Putnam Focused Large Cap Value ETF Trading Up 0.6%

The stock has a market cap of $13.74 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock’s fifty day moving average price is $52.36 and its 200 day moving average price is $49.78.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

Several hedge funds have recently bought and sold shares of the business. Allworth Financial LP raised its stake in shares of Putnam Focused Large Cap Value ETF by 7.3% in the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock worth $146,000 after purchasing an additional 219 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in 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 buying an additional 249 shares in the last quarter. Next Level Private LLC raised its position in Putnam Focused Large Cap Value ETF by 4.4% in the 1st quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock worth $278,000 after buying an additional 250 shares during the last quarter. Brown Advisory Inc. raised its position in Putnam Focused Large Cap Value ETF by 2.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after buying an additional 300 shares during the last quarter. Finally, Advisor OS LLC lifted its stake in Putnam Focused Large Cap Value ETF by 2.8% during the 4th quarter. Advisor OS LLC now owns 16,093 shares of the company’s stock valued at $733,000 after acquiring an additional 435 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.