Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report)’s share price reached a new 52-week high on Thursday . The company traded as high as $50.67 and last traded at $50.53, with a volume of 1499186 shares traded. The stock had previously closed at $50.46.
Putnam Focused Large Cap Value ETF Stock Up 0.1%
The business has a 50-day moving average price of $48.29 and a two-hundred day moving average price of $46.99. The firm has a market cap of $10.27 billion, a PE ratio of 17.86 and a beta of 0.85.
Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF
A number of institutional investors and hedge funds have recently modified their holdings of PVAL. Royal Bank of Canada grew its stake in shares of Putnam Focused Large Cap Value ETF by 14.7% during the first quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after purchasing an additional 9,442 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the first quarter worth $2,380,000. JPMorgan Chase & Co. grew its stake in shares of Putnam Focused Large Cap Value ETF by 124.2% during the second quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock worth $1,121,000 after purchasing an additional 15,435 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter worth $94,000. Finally, Brown Advisory Inc. grew its stake in shares of Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares in 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.
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