HighTower Advisors LLC Takes $1.83 Million Position in Putnam Focused Large Cap Growth ETF $PGRO

HighTower Advisors LLC acquired a new stake in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 40,874 shares of the company’s stock, valued at approximately $1,825,000. HighTower Advisors LLC owned 2.76% of Putnam Focused Large Cap Growth ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PGRO. Smith Moore & CO. purchased a new position in shares of Putnam Focused Large Cap Growth ETF in the 3rd quarter valued at about $293,000. Royal Bank of Canada purchased a new position in shares of Putnam Focused Large Cap Growth ETF in the 1st quarter valued at about $489,000. MGO One Seven LLC purchased a new position in shares of Putnam Focused Large Cap Growth ETF in the 4th quarter valued at about $1,580,000. Sequent Planning LLC purchased a new position in shares of Putnam Focused Large Cap Growth ETF in the 3rd quarter valued at about $2,586,000. Finally, Benjamin Edwards Inc. boosted its stake in shares of Putnam Focused Large Cap Growth ETF by 21.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 69,943 shares of the company’s stock valued at $2,874,000 after buying an additional 12,567 shares during the period.

Putnam Focused Large Cap Growth ETF Stock Performance

Shares of PGRO opened at $49.24 on Tuesday. The stock has a 50-day simple moving average of $44.77 and a 200-day simple moving average of $44.13. The stock has a market capitalization of $115.71 million, a PE ratio of 38.61 and a beta of 1.16. Putnam Focused Large Cap Growth ETF has a 1 year low of $38.18 and a 1 year high of $49.39.

Putnam Focused Large Cap Growth ETF Company Profile

The Putnam Focused Large Cap Growth ETF (PGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent fund that invests in US large-cap growth companies. The fund utilizes the Fidelity non-transparent model. PGRO was launched on May 25, 2021 and is managed by Putnam.