PGRO - ETF AI Analysis
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Putnam Focused Large Cap Growth ETF (PGRO)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Recent Short-Term Performance
The ETF has shown strong gains over the past month and solid results over the last three months, indicating positive recent momentum.
Leading Growth Companies in Top Holdings
Several major positions such as Nvidia, Broadcom, Alphabet, Amazon, and Meta have delivered strong year-to-date performance, helping drive the fund’s returns.
Focused Exposure to Growth Sectors
Heavy weighting in technology and communication services gives investors targeted exposure to sectors that have been key drivers of market growth.
Negative Factors
High Concentration in a Few Stocks
A small number of large positions make up a significant share of the portfolio, increasing the impact if any of these companies perform poorly.
Several Large Holdings Are Lagging
Important positions like Apple, Microsoft, Eli Lilly, Tesla, and Mastercard have shown weak year-to-date performance, which can drag on overall returns.
Limited Geographic Diversification
With almost all assets invested in U.S. companies, the fund offers little protection if the U.S. market faces a downturn.
PGRO vs. SPDR S&P 500 ETF (SPY)
AUM114.28M
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. Volume47,077
30 Day Avg. Volume25,092
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
57.52Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering40
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PGRO Summary
Putnam Focused Large Cap Growth ETF (PGRO) invests in large, fast-growing U.S. companies rather than tracking a specific index. It is heavily focused on technology and communication services, with big holdings like Nvidia, Apple, Microsoft, Amazon, and Alphabet (Google). Investors might consider PGRO if they want long-term growth from well-known market leaders and are comfortable with a portfolio that leans strongly toward tech-driven innovation. A key risk is that because it is concentrated in a small number of large growth and tech stocks, its price can swing more than the overall market.
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 into U.S. Big Tech and chipmakers, with Nvidia, Apple, and Broadcom setting much of the tone. Nvidia and Broadcom have been rising over the past few months, but both have cooled recently, while Apple’s momentum has also eased, suggesting some fatigue at the very top. Microsoft and Meta are more of a drag right now, with weaker recent trends, and Amazon looks mixed. On the brighter side, Lam Research and AMD are sprinting ahead, underscoring the fund’s strong bet on AI-driven semiconductors within a U.S.-centric growth story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 11.35% | $12.95M | $4.71T | 22.22% | 76 Outperform | |
| Alphabet Class A | 10.93% | $12.48M | $4.34T | 110.50% | 85 Outperform | |
| Apple | 6.04% | $6.89M | $4.53T | 47.93% | 79 Outperform | |
| Broadcom | 5.30% | $6.05M | $1.71T | 36.42% | 76 Outperform | |
| Eli Lilly & Co | 4.59% | $5.24M | $1.14T | 58.88% | 72 Outperform | |
| Meta Platforms | 4.12% | $4.71M | $1.48T | -14.58% | 76 Outperform | |
| Microsoft | 3.68% | $4.20M | $2.90T | -22.12% | 79 Outperform | |
| Lam Research | 3.67% | $4.19M | $439.46B | 226.68% | 77 Outperform | |
| Tesla | 3.36% | $3.84M | $1.48T | 40.95% | 73 Outperform | |
| Advanced Micro Devices | 3.09% | $3.53M | $844.36B | 274.48% | 73 Outperform |
PGRO Technical Analysis
Positive
―
Price Trends
47.20
Positive
44.86
Positive
44.64
Positive
Market Momentum
-0.03
Negative
53.34
Neutral
64.81
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PGRO, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 46.83, equal to the 50-day MA of 47.20, and equal to the 200-day MA of 44.64, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 53.34 is Neutral, neither overbought nor oversold. The STOCH value of 64.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PGRO.
PGRO Peer Comparison
Comparison Results
Performance Comparison
PGRO
Putnam Focused Large Cap Growth ETF
47.35
6.19
15.04%
QDVO
Amplify CWP Growth & Income ETF
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CNEQ
Alger Concentrated Equity ETF
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FLCG
Federated Hermes MDT Large Cap Growth ETF
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LRGE
ClearBridge Large Cap Growth ESG ETF
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CAML
Congress Large Cap 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.
DisclaimerThis 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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