Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sees Strong Trading Volume – What’s Next?

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) shares saw unusually-strong trading volume on Tuesday . Approximately 3,168,477 shares were traded during trading, an increase of 151% from the previous session’s volume of 1,261,338 shares.The stock last traded at $46.7870 and had previously closed at $46.84.

Putnam Focused Large Cap Value ETF Stock Performance

The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The business has a fifty day moving average price of $44.88 and a 200 day moving average price of $42.85.

Putnam Focused Large Cap Value ETF Dividend Announcement

The firm also recently announced 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

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new position in Putnam Focused Large Cap Value ETF in the third quarter valued at about $63,000. Rothschild Investment LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at approximately $67,000. Franklin Resources Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter valued at approximately $94,000. Ameritas Advisory Services LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth approximately $121,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth approximately $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.