PGRO - ETF AI Analysis

Top Page

Putnam Focused Large Cap Growth ETF (PGRO)

Rating:73Outperform

Price Target:―

PGRO, the Putnam Focused Large Cap Growth ETF, earns a solid overall rating largely because it is heavily invested in high-quality tech leaders like Apple, Microsoft, Nvidia, and Alphabet, all of which show strong financial performance and promising long-term growth in areas such as AI, cloud, and digital services. Some holdings like Amazon, Tesla, and Eli Lilly add growth potential but come with risks such as high valuations, mixed technical signals, and leverage or cash flow concerns. The main risk for this ETF is its concentration in a relatively small group of large, growth-oriented tech and tech-related companies, which can make performance more sensitive to shifts in sentiment toward this sector.

Positive Factors

Exposure to Leading Growth Companies

The fund’s largest positions are in well-known, dominant large-cap growth companies, which can benefit if major U.S. growth stocks recover.

Focused Yet Multi-Sector Portfolio

While it emphasizes technology and communication services, the ETF also holds stocks across health care, financials, industrials, and other sectors, offering some diversification across the economy.

Meaningful Asset Base

The fund manages a sizable pool of assets, which can support trading liquidity and ongoing fund operations for investors.

Negative Factors

Recent Weak Performance

The ETF has shown weak returns over the past month, three months, and year to date, which may concern investors looking for near-term strength.

High Concentration in a Few Tech Giants

A large share of the portfolio is tied up in a small number of big technology and related stocks, increasing the impact if any of these companies struggle.

Higher Expense Ratio for a Passive ETF

The fund’s expense ratio is on the higher side for an ETF, which means more of the return is used to cover fees instead of staying with investors.

PGRO vs. SPDR S&P 500 ETF (SPY)

AUM64.83M

RegionNorth America

Expense Ratio0.49%

Beta1.24

IssuerPutnam

Inception DateMay 25, 2021

Dividend Yield0.02%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume19,490

30 Day Avg. Volume13,292

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

54.76

Price Target Upside― Downside

Rating ConsensusStrong Buy

Number of Analyst Covering34

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

PGRO Summary

Putnam Focused Large Cap Growth ETF (PGRO) is an actively managed fund that invests in large, fast-growing U.S. companies rather than tracking a set index. It mainly focuses on technology and communication services, with big positions in well-known names like Nvidia, Microsoft, Apple, and Amazon. Someone might consider this ETF if they want long-term growth from leading companies that are driving innovation in the U.S. economy. However, because it is heavily tilted toward growth and tech-related stocks, its price can swing a lot and may fall sharply if these types of companies go out of favor.

How much will it cost me?The Putnam Focused Large Cap Growth ETF (PGRO) has an expense ratio of 0.49%, meaning you’ll pay $4.90 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed, aiming to select and maintain a focused portfolio of high-potential large-cap growth stocks.

What would affect this ETF?PGRO's focus on large-cap growth stocks, particularly in technology and communication services, positions it to benefit from innovation and strong consumer demand in these sectors. However, rising interest rates or regulatory changes targeting tech giants like Nvidia, Microsoft, and Apple could negatively impact growth prospects. Additionally, economic slowdowns or shifts in consumer spending could affect companies in cyclical sectors like Amazon and Tesla.

PGRO Top 10 Holdings

PGRO is riding a powerful U.S. tech wave, with Nvidia in the driver’s seat as its AI-fueled momentum helps pull the fund higher. Apple has perked up recently, adding a bit of spark, while Alphabet and Meta are providing steadier support from the communication-services side. On the flip side, Microsoft and Amazon have been losing some altitude, and Tesla isn’t giving the fund much extra lift either. With a heavy tilt toward large U.S. growth names in technology and related themes, the ETF is quite concentrated in a handful of market giants.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NVDA	Nvidia	14.27%	$9.24M	$4.52T	60.73%	76 Outperform
AAPL	Apple	9.65%	$6.25M	$3.83T	20.20%	79 Outperform
MSFT	Microsoft	8.67%	$5.62M	$3.01T	5.64%	79 Outperform
AVGO	Broadcom	6.83%	$4.43M	$1.62T	75.86%	76 Outperform
GOOGL	Alphabet Class A	5.39%	$3.49M	$3.73T	84.73%	85 Outperform
META	Meta Platforms	4.90%	$3.18M	$1.66T	5.70%	76 Outperform
AMZN	Amazon	4.48%	$2.90M	$2.28T	6.92%	71 Outperform
LLY	Eli Lilly & Co	4.12%	$2.67M	$943.21B	21.66%	72 Outperform
TSLA	Tesla	3.98%	$2.58M	$1.53T	64.38%	73 Outperform
MA	Mastercard	3.00%	$1.94M	$449.47B	-3.93%	75 Outperform

PGRO Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

43.51

Negative

100DMA

44.15

Negative

200DMA

43.05

Negative

Market Momentum

MACD

-0.29

Negative

RSI

45.78

Neutral

STOCH

62.49

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PGRO, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 42.71, equal to the 50-day MA of 43.51, and equal to the 200-day MA of 43.05, indicating a bearish trend. The MACD of -0.29 indicates Negative momentum. The RSI at 45.78 is Neutral, neither overbought nor oversold. The STOCH value of 62.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PGRO.

PGRO Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
PGRO	―	―	$64.83M	0.49%	73 Outperform
LCLG	―	―	$94.76M	0.90%	73 Outperform
MMLG	―	―	$83.53M	0.85%	70 Outperform
PRXG	―	―	$71.43M	0.36%	75 Outperform
CGGG	―	―	$64.85M	0.39%	72 Outperform
IWFG	―	―	$54.28M	0.46%	73 Outperform

Performance Comparison

PGRO

Putnam Focused Large Cap Growth ETF

41.78

7.15

20.65%

LCLG

Logan Capital Broad Innovative Growth ETF

―

MMLG

First Trust Multi-Manager Large Growth ETF

―

PRXG

Praxis Impact Large Cap Growth ETF

―

CGGG

Capital Group U.S. Large Growth ETF

―

IWFG

IQ Winslow Focused Large Cap Growth ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

Table of Contents