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

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $47.06 and last traded at $47.0450, with a volume of 272633 shares. The stock had previously closed at $46.81.

Putnam Focused Large Cap Value ETF Stock Performance

The stock’s fifty day simple moving average is $45.03 and its 200-day simple moving average is $42.92. The stock has a market cap of $7.06 billion, a P/E ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $63,000. Rothschild Investment LLC bought a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $67,000. Franklin Resources Inc. bought a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $94,000. Ameritas Advisory Services LLC acquired a new position in Putnam Focused Large Cap Value ETF during the second quarter valued at approximately $121,000. Finally, CoreCap Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF during the third quarter worth $123,000.

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.