Franklin Resources Inc. cut its holdings in shares of Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO – Free Report) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 784,000 shares of the company’s stock after selling 1,000 shares during the period. Franklin Resources Inc. owned about 0.44% of Putnam Focused Large Cap Growth ETF worth $30,410,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of PGRO. Elevation Capital Advisory LLC acquired a new position in Putnam Focused Large Cap Growth ETF during the 4th quarter valued at approximately $297,000. Next Level Private LLC acquired a new position in Putnam Focused Large Cap Growth ETF during the 4th quarter valued at about $632,000. Benjamin Edwards Inc. bought a new stake in shares of Putnam Focused Large Cap Growth ETF during the 3rd quarter worth about $1,024,000. Finally, Prosperity Financial Group Inc. lifted its stake in shares of Putnam Focused Large Cap Growth ETF by 3.7% in the 4th quarter. Prosperity Financial Group Inc. now owns 116,297 shares of the company’s stock worth $4,511,000 after acquiring an additional 4,108 shares during the period.
Putnam Focused Large Cap Growth ETF Price Performance
Shares of NYSEARCA:PGRO opened at $31.40 on Friday. The stock’s 50 day moving average price is $37.33 and its 200 day moving average price is $37.70. The stock has a market cap of $55.89 million, a price-to-earnings ratio of 36.50 and a beta of 1.13. Putnam Focused Large Cap Growth ETF has a 12 month low of $30.41 and a 12 month high of $40.43.
Putnam Focused Large Cap Growth ETF 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.
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