Wealthspire Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 152.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 830,187 shares of the company’s stock after purchasing an additional 501,528 shares during the period. Wealthspire Advisors LLC owned about 0.51% of Putnam Focused Large Cap Value ETF worth $37,832,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in Putnam Focused Large Cap Value ETF by 22.0% in the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after purchasing an additional 2,239,115 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Putnam Focused Large Cap Value ETF by 17.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after purchasing an additional 1,009,485 shares during the last quarter. Glenmede Investment Management LP raised its stake in shares of Putnam Focused Large Cap Value ETF by 15.8% during the third quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after acquiring an additional 789,767 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 4.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,124,640 shares of the company’s stock valued at $233,530,000 after acquiring an additional 234,950 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Putnam Focused Large Cap Value ETF by 8.8% during the fourth quarter. UBS Group AG now owns 5,037,434 shares of the company’s stock valued at $229,556,000 after acquiring an additional 408,248 shares during the last quarter.
Putnam Focused Large Cap Value ETF Stock Performance
PVAL stock opened at $51.37 on Friday. The company has a fifty day moving average price of $49.39 and a 200-day moving average price of $47.57. The company has a market capitalization of $10.44 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 52-week low of $38.93 and a 52-week high of $51.52.
Putnam Focused Large Cap Value ETF 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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