GK Wealth Management LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,720 shares of the company’s stock, valued at approximately $1,056,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its holdings in Putnam Focused Large Cap Value ETF by 7.3% in the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after purchasing an additional 219 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Putnam Focused Large Cap Value ETF by 2.7% during 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 last quarter. Next Level Private LLC increased its holdings in Putnam Focused Large Cap Value ETF by 4.4% during the 1st quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock worth $278,000 after purchasing an additional 250 shares during the last quarter. Brown Advisory Inc. raised its position in shares of 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 valued at $507,000 after purchasing an additional 300 shares in the last quarter. Finally, Advisor OS LLC raised its position in shares of 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 valued at $733,000 after purchasing an additional 435 shares in the last quarter.
Putnam Focused Large Cap Value ETF Trading Up 0.6%
Putnam Focused Large Cap Value ETF stock opened at $54.11 on Wednesday. The stock has a market cap of $13.65 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock has a 50 day moving average of $51.63 and a 200-day moving average of $49.26. Putnam Focused Large Cap Value ETF has a 52 week low of $40.05 and a 52 week high of $54.28.
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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