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

Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) reached a new 52-week high during trading on Thursday . The stock traded as high as $50.67 and last traded at $50.53, with a volume of 1499186 shares changing hands. The stock had previously closed at $50.46.

Putnam Focused Large Cap Value ETF Stock Performance

The stock has a market cap of $10.27 billion, a PE ratio of 17.86 and a beta of 0.85. The company’s 50-day moving average price is $48.29 and its 200 day moving average price is $46.99.

Institutional Trading of Putnam Focused Large Cap Value ETF

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter valued at approximately $27,000. Parkside Financial Bank & Trust purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $52,000. MCF Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $53,000. Global Retirement Partners LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $58,000. Finally, International Assets Investment Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at approximately $62,000.

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.