Franklin Resources Inc. Sells 55,000 Shares of Putnam Focused Large Cap Growth ETF $PGRO

Franklin Resources Inc. decreased its position in shares of Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 679,000 shares of the company’s stock after selling 55,000 shares during the period. Franklin Resources Inc. owned approximately 0.38% of Putnam Focused Large Cap Growth ETF worth $27,897,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. World Investment Advisors acquired a new position in Putnam Focused Large Cap Growth ETF during the second quarter valued at approximately $218,000. Royal Bank of Canada bought a new position in shares of Putnam Focused Large Cap Growth ETF in the 1st quarter valued at $489,000. Aptus Capital Advisors LLC bought a new position in shares of Putnam Focused Large Cap Growth ETF in the 1st quarter valued at $745,000. Benjamin Edwards Inc. raised its holdings in shares of Putnam Focused Large Cap Growth ETF by 42.9% during the 1st quarter. Benjamin Edwards Inc. now owns 57,376 shares of the company’s stock worth $1,986,000 after buying an additional 17,230 shares in the last quarter. Finally, Professional Financial Advisors LLC raised its holdings in shares of Putnam Focused Large Cap Growth ETF by 6.5% during the 2nd quarter. Professional Financial Advisors LLC now owns 75,676 shares of the company’s stock worth $3,109,000 after buying an additional 4,616 shares in the last quarter.

Putnam Focused Large Cap Growth ETF Stock Up 0.9%

Shares of PGRO stock opened at $44.93 on Thursday. The business has a fifty day simple moving average of $44.62 and a 200 day simple moving average of $42.28. The company has a market cap of $60.66 million, a P/E ratio of 38.61 and a beta of 1.15. Putnam Focused Large Cap Growth ETF has a twelve month low of $29.92 and a twelve month high of $46.65.

Putnam Focused Large Cap Growth ETF Profile

The Putnam Focused Large Cap Growth ETF (PGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent fund that invests in US large-cap growth companies. The fund utilizes the Fidelity non-transparent model. PGRO was launched on May 25, 2021 and is managed by Putnam.