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

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.72 and last traded at $49.53, with a volume of 1514166 shares traded. The stock had previously closed at $49.33.

Putnam Focused Large Cap Value ETF Stock Up 0.4%

The stock’s 50-day moving average is $47.58 and its 200 day moving average is $46.41. The stock has a market capitalization of $10.07 billion, a PE ratio of 17.86 and a beta of 0.85.

Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF

Several institutional investors and hedge funds have recently modified their holdings of PVAL. Allworth Financial LP increased its stake in shares of Putnam Focused Large Cap Value ETF by 7.3% in the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock worth $146,000 after acquiring an additional 219 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Putnam Focused Large Cap Value ETF by 2.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock valued at $432,000 after purchasing an additional 249 shares in the last quarter. Next Level Private LLC grew its stake in Putnam Focused Large Cap Value ETF by 4.4% in the first quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock valued at $278,000 after purchasing an additional 250 shares in the last quarter. Brown Advisory Inc. increased its position in Putnam Focused Large Cap Value ETF by 2.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the last quarter. Finally, Tempus Wealth Planning LLC increased its position in Putnam Focused Large Cap Value ETF by 0.6% in the 3rd quarter. Tempus Wealth Planning LLC now owns 65,336 shares of the company’s stock worth $2,791,000 after purchasing an additional 406 shares during 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.