Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sees Large Volume Increase – Here’s Why

Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) saw an uptick in trading volume on Wednesday . 880,422 shares traded hands during trading, an increase of 143% from the previous session’s volume of 362,405 shares.The stock last traded at $37.98 and had previously closed at $37.78.

Putnam Focused Large Cap Value ETF Stock Down 0.6 %

The business’s 50 day moving average is $38.46 and its two-hundred day moving average is $38.22. The firm has a market cap of $2.21 billion, a P/E ratio of 19.44 and a beta of 0.90.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Putnam Focused Large Cap Value ETF by 38.2% during the fourth quarter. Bank of America Corp DE now owns 5,741,266 shares of the company’s stock valued at $213,116,000 after buying an additional 1,586,486 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Putnam Focused Large Cap Value ETF by 48.8% during the fourth quarter. Cetera Investment Advisers now owns 2,310,623 shares of the company’s stock worth $85,770,000 after purchasing an additional 757,354 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 172.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,088,013 shares of the company’s stock worth $40,387,000 after purchasing an additional 689,119 shares during the last quarter. Stifel Financial Corp raised its position in Putnam Focused Large Cap Value ETF by 122.0% in the fourth quarter. Stifel Financial Corp now owns 1,122,788 shares of the company’s stock worth $41,678,000 after acquiring an additional 617,092 shares during the period. Finally, Glenmede Trust Co. NA raised its position in Putnam Focused Large Cap Value ETF by 29.5% in the third quarter. Glenmede Trust Co. NA now owns 2,039,113 shares of the company’s stock worth $77,364,000 after acquiring an additional 464,165 shares during the period.

About Putnam Focused Large Cap Value ETF

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.