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

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) reached a new 52-week high during trading on Tuesday . The stock traded as high as $47.15 and last traded at $47.1550, with a volume of 585321 shares. The stock had previously closed at $46.98.

Putnam Focused Large Cap Value ETF Price Performance

The stock has a market cap of $7.58 billion, a PE ratio of 17.86 and a beta of 0.88. The stock’s fifty day moving average is $45.53 and its 200-day moving average is $43.28.

Putnam Focused Large Cap Value ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were given a dividend of $0.1124 per share. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PVAL. Keystone Financial Services LLC raised its position in Putnam Focused Large Cap Value ETF by 1.5% in the fourth quarter. Keystone Financial Services LLC now owns 355,400 shares of the company’s stock valued at $16,196,000 after purchasing an additional 5,276 shares during the period. Able Wealth Management LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 19.3% during the 4th quarter. Able Wealth Management LLC now owns 268,811 shares of the company’s stock worth $12,250,000 after purchasing an additional 43,432 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $322,000. Revisor Wealth Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $338,000. Finally, Belpointe Asset Management LLC lifted its position in Putnam Focused Large Cap Value ETF by 72.5% in the fourth quarter. Belpointe Asset Management LLC now owns 60,836 shares of the company’s stock valued at $2,772,000 after buying an additional 25,577 shares during the last quarter.

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.