Faithward Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 67,724 shares of the company’s stock, valued at approximately $3,086,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in Putnam Focused Large Cap Value ETF by 7.3% in the 4th quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock worth $146,000 after purchasing an additional 219 shares during the period. Verdence Capital Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock worth $432,000 after purchasing an additional 249 shares during the period. Brown Advisory Inc. boosted its stake in Putnam Focused Large Cap Value ETF by 2.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Putnam Focused Large Cap Value ETF by 1.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock worth $1,274,000 after purchasing an additional 413 shares during the period. Finally, Advisor OS LLC boosted its stake in Putnam Focused Large Cap Value ETF by 2.8% in the 4th quarter. Advisor OS LLC now owns 16,093 shares of the company’s stock worth $733,000 after purchasing an additional 435 shares during the period.
Putnam Focused Large Cap Value ETF Price Performance
PVAL stock opened at $51.79 on Tuesday. Putnam Focused Large Cap Value ETF has a 1-year low of $38.93 and a 1-year high of $51.97. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The business has a 50 day simple moving average of $49.49 and a two-hundred day simple moving average of $47.65.
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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