Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sees Strong Trading Volume – Here’s Why

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) shares saw unusually-high trading volume on Tuesday . Approximately 550,111 shares were traded during mid-day trading, an increase of 48% from the previous session’s volume of 371,590 shares.The stock last traded at $38.00 and had previously closed at $38.08.

Putnam Focused Large Cap Value ETF Stock Performance

The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 20.00 and a beta of 0.90. The firm has a fifty day moving average price of $38.52 and a 200 day moving average price of $38.31.

Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Benjamin Edwards Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter worth approximately $596,000. HighTower Advisors LLC grew its holdings in Putnam Focused Large Cap Value ETF by 35.0% in the third quarter. HighTower Advisors LLC now owns 70,845 shares of the company’s stock valued at $2,682,000 after purchasing an additional 18,373 shares during the last quarter. Stifel Financial Corp grew its holdings in Putnam Focused Large Cap Value ETF by 3.8% in the third quarter. Stifel Financial Corp now owns 505,696 shares of the company’s stock valued at $19,186,000 after purchasing an additional 18,521 shares during the last quarter. MML Investors Services LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 980.0% in the third quarter. MML Investors Services LLC now owns 72,147 shares of the company’s stock valued at $2,737,000 after buying an additional 65,467 shares in the last quarter. Finally, Fulcrum Equity Management purchased a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at $248,000.

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.