Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) Shares Down 0.6%

Shares of Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) fell 0.6% during trading on Thursday . The company traded as low as $31.21 and last traded at $31.30. 24,842 shares changed hands during mid-day trading, an increase of 97% from the average session volume of 12,615 shares. The stock had previously closed at $31.47.

Putnam Focused Large Cap Growth ETF Stock Performance

The firm has a market capitalization of $55.83 million, a P/E ratio of 45.81 and a beta of 1.21. The stock’s 50 day simple moving average is $32.13 and its 200 day simple moving average is $29.39.

Institutional Investors Weigh In On Putnam Focused Large Cap Growth ETF

Hedge funds have recently modified their holdings of the business. UBS Group AG purchased a new stake in shares of Putnam Focused Large Cap Growth ETF in the 3rd quarter worth approximately $36,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Putnam Focused Large Cap Growth ETF by 37.2% in the 4th 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 during the period. Citadel Advisors LLC purchased a new stake in Putnam Focused Large Cap Growth ETF during the fourth quarter valued at approximately $297,000. Prosperity Financial Group Inc. purchased a new stake in Putnam Focused Large Cap Growth ETF during the third quarter valued at approximately $401,000. Finally, Royal Bank of Canada lifted its position in Putnam Focused Large Cap Growth ETF by 9.3% during the third quarter. Royal Bank of Canada now owns 22,549 shares of the company’s stock valued at $451,000 after acquiring an additional 1,918 shares during 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.