Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sets New 12-Month High – Should You Buy?

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) shares reached a new 52-week high during trading on Monday . The stock traded as high as $47.77 and last traded at $47.7660, with a volume of 1033843 shares trading hands. The stock had previously closed at $47.32.

Putnam Focused Large Cap Value ETF Stock Performance

The stock has a fifty day simple moving average of $46.11 and a 200-day simple moving average of $43.60. The stock has a market cap of $7.89 billion, a P/E ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were issued a dividend of $0.1124 per share. The ex-dividend date was Friday, December 19th.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Putnam Focused Large Cap Value ETF by 14.7% during the 1st quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after acquiring an additional 9,442 shares in the last quarter. Jane Street Group LLC bought a new position in Putnam Focused Large Cap Value ETF in the first quarter valued at $2,380,000. Ameritas Advisory Services LLC bought a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at $121,000. Sax Wealth Advisors LLC increased its stake in Putnam Focused Large Cap Value ETF by 130.7% in the 2nd quarter. Sax Wealth Advisors LLC now owns 360,157 shares of the company’s stock valued at $14,489,000 after buying an additional 204,071 shares during the last quarter. Finally, WESPAC Advisors LLC increased its stake in Putnam Focused Large Cap Value ETF by 10.6% in the 2nd quarter. WESPAC Advisors LLC now owns 8,250 shares of the company’s stock valued at $332,000 after buying an additional 789 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.