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PGRO - ETF AI Analysis
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Putnam Focused Large Cap Growth ETF (PGRO)
Rating:73Outperform
Price Target:―
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)
AUM63.89M
RegionNorth America
Expense Ratio0.49%
Beta1.25
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. Volume12,554
30 Day Avg. Volume10,934
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
54.28Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering35
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 leaning heavily on U.S. mega-cap tech, with Nvidia and Microsoft at the core, though both have recently looked a bit tired, softening what had been powerful AI-driven momentum. Apple and Broadcom are also losing steam, adding to the drag from this concentrated tech cluster. On the brighter side, Alphabet and Amazon have been rising, helping to steady the ship and showing that not all Big Tech is moving in lockstep. With Eli Lilly as a standout in health care, the fund is still very much a U.S.-centric, growth-first story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 13.22% | $8.26M | $4.44T | 31.66% | 76 Outperform | |
| Apple | 9.32% | $5.83M | $3.76T | 4.57% | 79 Outperform | |
| Microsoft | 8.61% | $5.38M | $2.98T | -1.74% | 79 Outperform | |
| Broadcom | 6.52% | $4.07M | $1.54T | 39.53% | 76 Outperform | |
| Alphabet Class A | 5.35% | $3.34M | $3.70T | 65.05% | 85 Outperform | |
| Meta Platforms | 4.80% | $3.00M | $1.62T | -13.15% | 76 Outperform | |
| Eli Lilly & Co | 4.29% | $2.68M | $981.09B | 23.18% | 72 Outperform | |
| Amazon | 4.13% | $2.58M | $2.13T | -13.07% | 71 Outperform | |
| Tesla | 4.09% | $2.55M | $1.57T | 17.31% | 73 Outperform | |
| Mastercard | 3.09% | $1.93M | $462.28B | -8.22% | 75 Outperform |
PGRO Technical Analysis
Negative
―
Price Trends
44.23
Negative
44.43
Negative
42.60
Negative
Market Momentum
-0.38
Positive
37.60
Neutral
37.47
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 43.53, equal to the 50-day MA of 44.23, and equal to the 200-day MA of 42.60, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 37.60 is Neutral, neither overbought nor oversold. The STOCH value of 37.47 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
Performance Comparison
PGRO
Putnam Focused Large Cap Growth ETF
42.46
2.46
6.15%
AGRW
Allspring LT Large Growth ETF
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LCLG
Logan Capital Broad Innovative Growth ETF
―
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MMLG
First Trust Multi-Manager Large Growth ETF
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PRXG
Praxis Impact Large Cap Growth ETF
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―
―
CGGG
Capital Group U.S. Large Growth ETF
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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: ―
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