Benjamin F. Edwards & Company Inc. Has $110,000 Stock Position in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO)

Benjamin F. Edwards & Company Inc. recently increased its stake in Putnam Focused Large Cap Growth ETF (NYSEARCA:PGRO) by 37.2% during the fourth quarter, as reported by Holdings Channel.com. The institutional investor now holds 3,804 shares of the company’s stock, with a value of $110,000 according to its most recent filing with the Securities and Exchange Commission.

Other hedge funds and institutional investors have also shown interest in PGRO. Prosperity Financial Group Inc. acquired a new position in the ETF worth approximately $401,000 in the third quarter, while Janney Montgomery Scott LLC purchased shares valued at around $1,255,000 during the same period. Professional Financial Advisors LLC saw a 2.7% increase in its holdings of PGRO in the fourth quarter, now owning 59,294 shares valued at $1,718,000.

PGRO stock opened at $32.60 on Friday, with a one-year low of $23.57 and a high of $33.23. The ETF has a fifty-day moving average price of $32.15 and a 200-day moving average price of $30.07, with a market cap of $58.68 million and a P/E ratio of 44.72.

Putnam Focused Large Cap Growth ETF is an exchange-traded fund that primarily invests in large-cap equity, focusing on US large-cap growth companies. Launched on May 25, 2021, the fund is actively managed and utilizes the Fidelity non-transparent model.

In DailyBubble’s view, the increased interest from institutional investors in PGRO reflects growing confidence in the ETF’s potential for growth and strong performance in the market. As more investors look to diversify their portfolios with large-cap growth opportunities, PGRO could be a promising option.

For the latest 13F filings and insider trades related to Putnam Focused Large Cap Growth ETF, investors can visit HoldingsChannel.com. Stay informed with MarketBeat.com’s concise daily newsletter for news and ratings on PGRO and related companies.