Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Reaches New 12-Month High – Should You Buy?

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $47.06 and last traded at $47.0450, with a volume of 272633 shares traded. The stock had previously closed at $46.81.

Putnam Focused Large Cap Value ETF Trading Down 0.0%

The stock has a market capitalization of $7.09 billion, a P/E ratio of 17.86 and a beta of 0.88. The stock’s 50 day simple moving average is $45.18 and its 200 day simple moving average is $43.00.

Putnam Focused Large Cap Value ETF Dividend Announcement

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

Institutional Trading of Putnam Focused Large Cap Value ETF

Several institutional investors and hedge funds have recently bought and sold shares of PVAL. Royal Bank of Canada grew its position in shares of Putnam Focused Large Cap Value ETF by 14.7% in the 1st quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after acquiring an additional 9,442 shares in the last quarter. Jane Street Group LLC acquired a new position in Putnam Focused Large Cap Value ETF in the first quarter worth $2,380,000. SeaCrest Wealth Management LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 19.1% in the second quarter. SeaCrest Wealth Management LLC now owns 90,903 shares of the company’s stock worth $3,657,000 after purchasing an additional 14,548 shares during the period. Silver Oak Securities Incorporated increased its stake in Putnam Focused Large Cap Value ETF by 14.2% during the second quarter. Silver Oak Securities Incorporated now owns 35,967 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,478 shares during the last quarter. Finally, Sentinel Pension Advisors LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 3.4% during the second quarter. Sentinel Pension Advisors LLC now owns 31,639 shares of the company’s stock worth $1,273,000 after purchasing an additional 1,053 shares during the period.

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.