Essex Financial Services Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,036 shares of the company’s stock after buying an additional 16,088 shares during the quarter. Essex Financial Services Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $5,288,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Core Wealth Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $231,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 9.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,603,577 shares of the company’s stock valued at $209,785,000 after purchasing an additional 410,945 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $1,117,000. Bleakley Financial Group LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $35,501,000. Finally, Harbour Investments Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 32.3% in the 4th quarter. Harbour Investments Inc. now owns 172,070 shares of the company’s stock valued at $7,841,000 after purchasing an additional 42,006 shares during the period.
Putnam Focused Large Cap Value ETF Stock Performance
Shares of PVAL stock opened at $50.59 on Friday. The firm’s 50-day moving average is $48.46 and its 200-day moving average is $47.06. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a 52-week low of $38.08 and a 52-week high of $50.70.
Putnam Focused Large Cap Value ETF Company Profile
The Putnam Focused Large Cap Value ETF (PVAL) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent ETF that provides exposure to large-cap value companies in the US. The fund utilizes the Fidelity non-transparent model. PVAL was launched on May 25, 2021 and is managed by Putnam.
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