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

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) saw unusually-high trading volume on Tuesday . Approximately 550,111 shares traded hands during mid-day trading, an increase of 48% from the previous session’s volume of 371,590 shares.The stock last traded at $38.00 and had previously closed at $38.08.

Putnam Focused Large Cap Value ETF Stock Performance

The stock has a market cap of $2.36 billion, a PE ratio of 20.00 and a beta of 0.90. The company’s 50-day moving average price is $38.49 and its two-hundred day moving average price is $38.31.

Institutional Trading of Putnam Focused Large Cap Value ETF

Several institutional investors have recently added to or reduced their stakes in the business. Comerica Bank increased its stake 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 buying an additional 260 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $28,000. Wealthcare Advisory Partners LLC raised its stake in shares of 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. NewEdge Advisors LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 21.3% in the fourth quarter. NewEdge Advisors LLC now owns 6,590 shares of the company’s stock worth $245,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Cozad Asset Management Inc. lifted its holdings in Putnam Focused Large Cap Value ETF by 26.7% in the 4th quarter. Cozad Asset Management Inc. now owns 6,949 shares of the company’s stock worth $258,000 after buying an additional 1,466 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.