Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Reaches New 12-Month High – What’s Next?

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)’s stock price reached a new 52-week high on Friday . The stock traded as high as $49.17 and last traded at $49.16, with a volume of 294347 shares trading hands. The stock had previously closed at $48.64.

Putnam Focused Large Cap Value ETF Stock Up 1.1%

The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. The firm has a 50-day moving average of $47.43 and a two-hundred day moving average of $45.68.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PVAL. Prostatis Group LLC bought a new stake in Putnam Focused Large Cap Value ETF in the third quarter worth approximately $3,727,000. Aspire Capital Advisors LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at $596,000. Glenmede Investment Management LP lifted its stake in shares of Putnam Focused Large Cap Value ETF by 15.8% in the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after purchasing an additional 789,767 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of Putnam Focused Large Cap Value ETF by 135.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after purchasing an additional 3,360,792 shares during the last quarter. Finally, Trademark Financial Management LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 429.2% in the third quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock worth $6,149,000 after purchasing an additional 116,730 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.