Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Trading 1.2% Higher – What’s Next?

Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) shot up 1.2% during trading on Tuesday . The company traded as high as $36.60 and last traded at $36.58. 4,460 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 7,238 shares. The stock had previously closed at $36.13.

Putnam Focused Large Cap Growth ETF Trading Up 1.5 %

The stock has a market capitalization of $68.38 million, a price-to-earnings ratio of 46.68 and a beta of 1.25. The company’s 50 day moving average is $35.82 and its 200 day moving average is $34.68.

Hedge Funds Weigh In On Putnam Focused Large Cap Growth ETF

A number of hedge funds have recently modified their holdings of PGRO. Janney Montgomery Scott LLC increased its stake in Putnam Focused Large Cap Growth ETF by 36.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 116,686 shares of the company’s stock valued at $3,816,000 after buying an additional 31,170 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Putnam Focused Large Cap Growth ETF by 29.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 16,102 shares of the company’s stock valued at $572,000 after acquiring an additional 3,673 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Putnam Focused Large Cap Growth ETF by 24.5% during the second quarter. Cetera Investment Advisers now owns 85,954 shares of the company’s stock worth $3,051,000 after acquiring an additional 16,896 shares during the period. Finally, Professional Financial Advisors LLC raised its holdings in Putnam Focused Large Cap Growth ETF by 4.6% during the third quarter. Professional Financial Advisors LLC now owns 71,809 shares of the company’s stock worth $2,590,000 after purchasing an additional 3,154 shares in the last quarter.

Putnam Focused Large Cap Growth ETF Company Profile

The Putnam Focused Large Cap Growth ETF (PGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent fund that invests in US large-cap growth companies. The fund utilizes the Fidelity non-transparent model. PGRO was launched on May 25, 2021 and is managed by Putnam.