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

Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $47.15 and last traded at $47.1550, with a volume of 585321 shares trading hands. The stock had previously closed at $46.98.

Putnam Focused Large Cap Value ETF Stock Performance

The company has a fifty day simple moving average of $45.79 and a two-hundred day simple moving average of $43.38. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were given a dividend of $0.1124 per share. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF

Several hedge funds have recently bought and sold shares of the company. Comerica Bank lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 180.4% during the 4th quarter. Comerica Bank now owns 26,297 shares of the company’s stock worth $1,198,000 after acquiring an additional 16,917 shares during the period. RMR Wealth Builders lifted its stake in Putnam Focused Large Cap Value ETF by 43.1% during the fourth quarter. RMR Wealth Builders now owns 24,615 shares of the company’s stock worth $1,122,000 after purchasing an additional 7,416 shares during the last quarter. Midwest Capital Advisors LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 18.8% in the 4th quarter. Midwest Capital Advisors LLC now owns 129,186 shares of the company’s stock valued at $5,887,000 after purchasing an additional 20,462 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 40.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 168,912 shares of the company’s stock valued at $7,697,000 after purchasing an additional 48,920 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 2.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock worth $432,000 after buying an additional 249 shares in the last quarter.

Putnam Focused Large Cap Value ETF Company Profile

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.