Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $40.11 and last traded at $40.09, with a volume of 92076 shares changing hands. The stock had previously closed at $40.02.
Putnam Focused Large Cap Value ETF Stock Performance
The stock’s 50-day moving average price is $38.21 and its 200-day moving average price is $37.88. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89.
Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Modern Wealth Management LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 335.2% during the 1st quarter. Modern Wealth Management LLC now owns 511,520 shares of the company’s stock worth $19,479,000 after purchasing an additional 393,976 shares during the last quarter. Rollins Financial Advisors LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 235.1% during the 1st quarter. Rollins Financial Advisors LLC now owns 55,783 shares of the company’s stock worth $2,124,000 after purchasing an additional 39,137 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $5,518,000. Belpointe Asset Management LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 8.4% during the 1st quarter. Belpointe Asset Management LLC now owns 27,430 shares of the company’s stock worth $1,045,000 after purchasing an additional 2,131 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $2,380,000.
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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