Franklin Resources Inc. Lowers Holdings in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO)

Franklin Resources Inc. reduced its stake in shares of Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 785,000 shares of the company’s stock after selling 20,000 shares during the quarter. Franklin Resources Inc. owned 43.61% of Putnam Focused Large Cap Growth ETF worth $28,982,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Putnam Focused Large Cap Growth ETF by 29.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 16,102 shares of the company’s stock valued at $572,000 after purchasing an additional 3,673 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Putnam Focused Large Cap Growth ETF by 24.5% in the second quarter. Cetera Investment Advisers now owns 85,954 shares of the company’s stock worth $3,051,000 after acquiring an additional 16,896 shares during the period. Professional Financial Advisors LLC boosted its stake in shares of Putnam Focused Large Cap Growth ETF by 4.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 71,809 shares of the company’s stock worth $2,590,000 after acquiring an additional 3,154 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Putnam Focused Large Cap Growth ETF during the 3rd quarter valued at about $1,024,000.

Putnam Focused Large Cap Growth ETF Stock Down 3.0 %

Shares of Putnam Focused Large Cap Growth ETF stock opened at $39.01 on Thursday. The firm has a market cap of $70.22 million, a PE ratio of 46.68 and a beta of 1.25. The business has a 50-day moving average price of $37.80 and a 200 day moving average price of $35.94. Putnam Focused Large Cap Growth ETF has a twelve month low of $28.10 and a twelve month high of $40.43.

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.