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 mid-day trading on Wednesday . The company traded as high as $54.63 and last traded at $54.62, with a volume of 193050 shares traded. The stock had previously closed at $54.17.

Putnam Focused Large Cap Value ETF Stock Up 0.6%

The business’s 50-day moving average price is $52.36 and its 200 day moving average price is $49.78. The company has a market capitalization of $13.74 billion, a P/E ratio of 17.86 and a beta of 0.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Essex Financial Services Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF by 22.2% in the 1st quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock valued at $6,578,000 after purchasing an additional 25,732 shares in the last quarter. Sowa Financial Group Inc. grew its position in shares of Putnam Focused Large Cap Value ETF by 4.1% in the 4th quarter. Sowa Financial Group Inc. now owns 571,015 shares of the company’s stock worth $26,021,000 after buying an additional 22,742 shares during the last quarter. Key Client Fiduciary Advisors LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 1,065.1% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 134,798 shares of the company’s stock valued at $6,143,000 after acquiring an additional 123,228 shares in the last quarter. Trademark Financial Management LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 38.7% during the fourth quarter. Trademark Financial Management LLC now owns 199,606 shares of the company’s stock valued at $9,096,000 after buying an additional 55,677 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $35,203,000.

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.