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

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.88 and last traded at $41.84, with a volume of 403386 shares changing hands. The stock had previously closed at $41.21.

Putnam Focused Large Cap Value ETF Stock Down 0.3%

The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89. The stock’s fifty day moving average is $40.57 and its 200-day moving average is $38.69.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PVAL. Kestra Private Wealth Services LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 10.1% in the first quarter. Kestra Private Wealth Services LLC now owns 65,862 shares of the company’s stock worth $2,508,000 after purchasing an additional 6,048 shares in the last quarter. Castle Wealth Management LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter worth $5,174,000. Comerica Bank lifted its position in shares of Putnam Focused Large Cap Value ETF by 5.0% in the fourth quarter. Comerica Bank now owns 5,509 shares of the company’s stock worth $204,000 after purchasing an additional 260 shares in the last quarter. Key Client Fiduciary Advisors LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 4.9% in the first quarter. Key Client Fiduciary Advisors LLC now owns 9,408 shares of the company’s stock worth $358,000 after purchasing an additional 438 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 140.2% in the first quarter. Envestnet Asset Management Inc. now owns 1,044,169 shares of the company’s stock worth $39,762,000 after purchasing an additional 609,468 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.