Franklin Resources Inc. Trims Stock Position in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO)

Franklin Resources Inc. reduced its stake in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 784,000 shares of the company’s stock after selling 1,000 shares during the quarter. Franklin Resources Inc. owned 43.56% of Putnam Focused Large Cap Growth ETF worth $30,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Benjamin Edwards Inc. acquired a new stake in Putnam Focused Large Cap Growth ETF in the third quarter valued at $1,024,000. Next Level Private LLC acquired a new stake in Putnam Focused Large Cap Growth ETF during the fourth quarter worth approximately $632,000. Elevation Capital Advisory LLC purchased a new position in Putnam Focused Large Cap Growth ETF during the fourth quarter worth about $297,000. Finally, Prosperity Financial Group Inc. grew its holdings in Putnam Focused Large Cap Growth ETF by 3.7% in the fourth quarter. Prosperity Financial Group Inc. now owns 116,297 shares of the company’s stock valued at $4,511,000 after purchasing an additional 4,108 shares during the period.

Putnam Focused Large Cap Growth ETF Price Performance

Putnam Focused Large Cap Growth ETF stock opened at $31.40 on Friday. The stock’s 50-day moving average is $37.33 and its 200-day moving average is $37.70. The company has a market cap of $55.89 million, a price-to-earnings ratio of 36.50 and a beta of 1.13. Putnam Focused Large Cap Growth ETF has a 12 month low of $30.41 and a 12 month high of $40.43.

Putnam Focused Large Cap Growth ETF 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.