Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sees Unusually-High Trading Volume – Here’s What Happened

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) shares saw unusually-high trading volume on Tuesday . Approximately 522,207 shares were traded during trading, an increase of 29% from the previous session’s volume of 405,033 shares.The stock last traded at $36.09 and had previously closed at $35.85.

Putnam Focused Large Cap Value ETF Stock Performance

The stock has a market capitalization of $2.39 billion, a P/E ratio of 18.80 and a beta of 0.89. The business has a fifty day simple moving average of $37.72 and a 200-day simple moving average of $38.13.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PVAL. Comerica Bank boosted its stake in Putnam Focused Large Cap Value ETF by 5.0% in the 4th quarter. Comerica Bank now owns 5,509 shares of the company’s stock worth $204,000 after purchasing an additional 260 shares during the period. Key Client Fiduciary Advisors LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 4.9% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 9,408 shares of the company’s stock valued at $358,000 after acquiring an additional 438 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $28,000. Wealthcare Advisory Partners LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 2.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 32,068 shares of the company’s stock worth $1,190,000 after purchasing an additional 875 shares during the period. Finally, Sentinel Pension Advisors LLC boosted its position in shares of Putnam Focused Large Cap Value ETF by 3.5% during the first quarter. Sentinel Pension Advisors LLC now owns 30,586 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,032 shares in the last quarter.

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.