Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sees Large Volume Increase – Still a Buy?

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) saw unusually-high trading volume on Wednesday . Approximately 880,422 shares changed hands during mid-day 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 Price Performance

The stock has a market capitalization of $2.22 billion, a PE ratio of 19.44 and a beta of 0.90. The business’s fifty day moving average price is $38.42 and its 200-day moving average price is $38.21.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank grew its position in Putnam Focused Large Cap Value ETF by 5.0% during the fourth quarter. Comerica Bank now owns 5,509 shares of the company’s stock valued at $204,000 after acquiring an additional 260 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at approximately $28,000. Wealthcare Advisory Partners LLC grew its position in Putnam Focused Large Cap Value ETF by 2.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 32,068 shares of the company’s stock valued at $1,190,000 after acquiring an additional 875 shares during the last quarter. StoneX Group Inc. grew its position in Putnam Focused Large Cap Value ETF by 3.2% during the third quarter. StoneX Group Inc. now owns 30,989 shares of the company’s stock valued at $1,176,000 after acquiring an additional 956 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Putnam Focused Large Cap Value ETF by 21.3% during the fourth quarter. NewEdge Advisors LLC now owns 6,590 shares of the company’s stock valued at $245,000 after acquiring an additional 1,156 shares during 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.