Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Trading 1.5% Higher

Shares of Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) traded up 1.5% during mid-day trading on Monday . The company traded as high as $33.59 and last traded at $33.59. 1,163 shares changed hands during trading, a decline of 86% from the average session volume of 8,074 shares. The stock had previously closed at $33.11.

Putnam Focused Large Cap Growth ETF Trading Up 1.5 %

The stock has a market capitalization of $60.46 million, a PE ratio of 46.68 and a beta of 1.25. The firm has a 50 day moving average price of $34.62 and a 200 day moving average price of $33.55.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. lifted its holdings in Putnam Focused Large Cap Growth ETF by 226.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 12,429 shares of the company’s stock valued at $406,000 after purchasing an additional 8,625 shares in the last quarter. Professional Financial Advisors LLC lifted its stake in shares of Putnam Focused Large Cap Growth ETF by 17.3% during the 1st quarter. Professional Financial Advisors LLC now owns 69,547 shares of the company’s stock valued at $2,274,000 after buying an additional 10,253 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Putnam Focused Large Cap Growth ETF by 70.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 85,516 shares of the company’s stock worth $2,477,000 after buying an additional 35,441 shares during the period. Finally, Cetera Investment Advisers increased its stake in Putnam Focused Large Cap Growth ETF by 24.5% in the 2nd quarter. Cetera Investment Advisers now owns 85,954 shares of the company’s stock worth $3,051,000 after buying an additional 16,896 shares in the last quarter.

About Putnam Focused Large Cap Growth ETF

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.