Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Reaches New 52-Week High – Should You Buy?

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $47.15 and last traded at $47.1550, with a volume of 585321 shares. The stock had previously closed at $46.98.

Putnam Focused Large Cap Value ETF Price Performance

The company has a 50-day moving average of $45.53 and a two-hundred day moving average of $43.28. The company has a market capitalization of $7.58 billion, a PE ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

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

Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF

Several large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter worth $63,000. Rothschild Investment LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $67,000. Franklin Resources Inc. purchased a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter worth $94,000. Signaturefd LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $120,000. Finally, CoreCap Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 3rd quarter valued at about $123,000.

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.