Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sets New 1-Year High – Here’s What Happened

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $52.79 and last traded at $52.73, with a volume of 202731 shares trading hands. The stock had previously closed at $52.41.

Putnam Focused Large Cap Value ETF Trading Up 0.2%

The firm has a market capitalization of $12.81 billion, a P/E ratio of 17.86 and a beta of 0.84. The business has a 50 day moving average of $51.18 and a 200-day moving average of $48.94.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

Several large investors have recently made changes to their positions in PVAL. Bank of America Corp DE lifted its position in Putnam Focused Large Cap Value ETF by 48.4% in the 1st quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after acquiring an additional 11,707,304 shares in the last quarter. Morgan Stanley boosted its stake in Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after purchasing an additional 1,906,373 shares during the period. Cetera Investment Advisers increased its holdings in Putnam Focused Large Cap Value ETF by 27.6% during the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after purchasing an additional 1,484,571 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Putnam Focused Large Cap Value ETF by 17.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after purchasing an additional 1,009,485 shares in the last quarter. Finally, Auctus Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $43,589,000.

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.