Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Reaches New 1-Year 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 Tuesday . The stock traded as high as $52.16 and last traded at $52.11, with a volume of 134689 shares. The stock had previously closed at $51.87.

Putnam Focused Large Cap Value ETF Trading Up 0.2%

The company has a market capitalization of $12.35 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock has a 50 day moving average price of $50.74 and a 200 day moving average price of $48.55.

Hedge Funds Weigh In On Putnam Focused Large Cap Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PVAL. Bank of America Corp DE grew its holdings in shares of Putnam Focused Large Cap Value ETF by 48.4% during the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after purchasing an additional 11,707,304 shares during the last quarter. Morgan Stanley raised its holdings in Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after buying an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers boosted its position in Putnam Focused Large Cap Value ETF by 27.6% during the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after buying an additional 1,484,571 shares during the period. Cullen Frost Bankers Inc. boosted its position in Putnam Focused Large Cap Value ETF by 17.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after buying an additional 1,009,485 shares during the period. Finally, Auctus Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $43,589,000.

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.