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

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)’s share price hit a new 52-week high on Friday . The stock traded as high as $50.39 and last traded at $50.30, with a volume of 132624 shares trading hands. The stock had previously closed at $50.10.

Putnam Focused Large Cap Value ETF Stock Performance

The firm’s 50-day moving average price is $48.03 and its two-hundred day moving average price is $46.81. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85.

Institutional Trading of Putnam Focused Large Cap Value ETF

Several institutional investors have recently made changes to their positions in PVAL. Bank of America Corp DE boosted its position in shares of Putnam Focused Large Cap Value ETF by 48.4% during 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. Cullen Frost Bankers Inc. boosted its position in Putnam Focused Large Cap Value ETF by 135.4% in the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after buying an additional 3,360,792 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Putnam Focused Large Cap Value ETF by 266.3% in the third quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock valued at $167,333,000 after buying an additional 2,847,566 shares in the last quarter. Morgan Stanley grew its stake in Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after buying an additional 1,906,373 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Putnam Focused Large Cap Value ETF by 27.6% during the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after buying an additional 1,484,571 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.