Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Stock Price Up 1.5%

Shares of Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) were up 1.5% during mid-day trading on Monday . The company traded as high as $35.96 and last traded at $35.96. Approximately 1,097 shares changed hands during trading, a decline of 88% from the average daily volume of 9,488 shares. The stock had previously closed at $35.43.

Putnam Focused Large Cap Growth ETF Price Performance

The stock’s fifty day simple moving average is $32.82 and its 200-day simple moving average is $31.38. The company has a market capitalization of $64.73 million, a P/E ratio of 46.68 and a beta of 1.25.

Institutional Investors Weigh In On Putnam Focused Large Cap Growth ETF

Several hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. raised its position in Putnam Focused Large Cap Growth ETF by 37.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,804 shares of the company’s stock worth $110,000 after purchasing an additional 1,032 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Putnam Focused Large Cap Growth ETF in the third quarter worth about $1,255,000. Finally, Professional Financial Advisors LLC raised its position in Putnam Focused Large Cap Growth ETF by 2.7% in the fourth quarter. Professional Financial Advisors LLC now owns 59,294 shares of the company’s stock worth $1,718,000 after purchasing an additional 1,584 shares in the last quarter.

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.