Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Hits New 52-Week High – Here’s Why

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $45.86 and last traded at $45.80, with a volume of 1484646 shares. The stock had previously closed at $45.47.

Putnam Focused Large Cap Value ETF Stock Performance

The stock’s 50-day simple moving average is $43.83 and its 200 day simple moving average is $42.07. The company has a market capitalization of $5.22 billion, a PE ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th will be given a dividend of $0.1124 per share. The ex-dividend date of this dividend is Friday, December 19th.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. M&T Bank Corp acquired a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth approximately $3,900,000. Rollins Financial Advisors LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF by 69.2% in the second quarter. Rollins Financial Advisors LLC now owns 94,388 shares of the company’s stock valued at $3,797,000 after purchasing an additional 38,605 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 16.1% during the second quarter. Commonwealth Equity Services LLC now owns 4,356,644 shares of the company’s stock worth $175,268,000 after purchasing an additional 605,693 shares during the last quarter. IVC Wealth Advisors LLC lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 48.1% during the second quarter. IVC Wealth Advisors LLC now owns 270,420 shares of the company’s stock worth $10,879,000 after purchasing an additional 87,824 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Putnam Focused Large Cap Value ETF by 10.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 152,995 shares of the company’s stock valued at $6,155,000 after buying an additional 14,444 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.