Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report)’s stock price reached a new 52-week high on Thursday. The company traded as high as $54.77 and last traded at $54.6540, with a volume of 320,158 shares traded. The stock had previously closed at $54.31.
Putnam Focused Large Cap Value ETF Price Performance
The business has a 50-day moving average of $53.79 and a 200 day moving average of $50.60. The company has a market cap of $15.34 billion, a PE ratio of 17.86 and a beta of 0.84.
Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF
Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Putnam Focused Large Cap Value ETF by 48.4% during the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after buying an additional 11,707,304 shares in the last quarter. Cetera Investment Advisers grew its holdings in Putnam Focused Large Cap Value ETF by 21.6% in the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after purchasing an additional 1,483,240 shares during the period. Bouchey Financial Group Ltd. purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $39,360,000. Envestnet Asset Management Inc. increased its position in shares of Putnam Focused Large Cap Value ETF by 16.4% in the second quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock valued at $275,167,000 after buying an additional 762,099 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of Putnam Focused Large Cap Value ETF by 11.4% in the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock valued at $331,959,000 after buying an additional 734,798 shares in the last quarter.
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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