Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Get Free Report) saw an uptick in trading volume on Wednesday . 880,422 shares traded hands during trading, an increase of 143% from the previous session’s volume of 362,405 shares.The stock last traded at $37.98 and had previously closed at $37.78.
Putnam Focused Large Cap Value ETF Stock Performance
The company’s 50-day moving average is $38.46 and its 200 day moving average is $38.22. The company has a market capitalization of $2.21 billion, a PE ratio of 19.44 and a beta of 0.90.
Institutional Trading of Putnam Focused Large Cap Value ETF
A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 172.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,088,013 shares of the company’s stock valued at $40,387,000 after acquiring an additional 689,119 shares during the last quarter. Keystone Financial Services LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at about $11,282,000. BridgePort Financial Solutions LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at about $7,439,000. Waverly Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at about $383,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at about $864,000.
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.
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