Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $32.83 and last traded at $32.87, with a volume of 57356 shares changing hands. The stock had previously closed at $34.17.
Putnam Focused Large Cap Value ETF Trading Up 7.1 %
The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 20.00 and a beta of 0.90. The stock has a fifty day moving average price of $38.04 and a 200-day moving average price of $38.20.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in PVAL. JPMorgan Chase & Co. bought a new position in Putnam Focused Large Cap Value ETF during the 3rd quarter valued at about $406,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $28,000. Wealthspire Advisors LLC grew its position in Putnam Focused Large Cap Value ETF by 19.3% during the 4th quarter. Wealthspire Advisors LLC now owns 330,289 shares of the company’s stock worth $12,260,000 after acquiring an additional 53,444 shares during the last quarter. Harbour Investments Inc. increased its holdings in Putnam Focused Large Cap Value ETF by 17.4% during the 4th quarter. Harbour Investments Inc. now owns 57,376 shares of the company’s stock valued at $2,130,000 after purchasing an additional 8,492 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Putnam Focused Large Cap Value ETF by 20.5% in the 4th quarter. HighTower Advisors LLC now owns 85,400 shares of the company’s stock valued at $3,170,000 after purchasing an additional 14,555 shares during 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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