Sax Wealth Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 23.3% in the second quarter, HoldingsChannel.com reports. The firm owned 841,845 shares of the company’s stock after buying an additional 159,214 shares during the period. Putnam Focused Large Cap Value ETF accounts for about 1.4% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Sax Wealth Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $39,062,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Putnam Focused Large Cap Value ETF by 48.4% during the 1st quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after buying an additional 11,707,304 shares during the period. Morgan Stanley grew its position in shares of Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after buying an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Putnam Focused Large Cap Value ETF by 27.6% in the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after buying an additional 1,484,571 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 17.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after buying an additional 1,009,485 shares during the period. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $35,501,000.
Putnam Focused Large Cap Value ETF Price Performance
Shares of PVAL opened at $54.26 on Friday. The business has a 50-day moving average of $51.85 and a 200-day moving average of $49.39. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1 year low of $40.27 and a 1 year high of $54.47.
About Putnam Focused Large Cap Value ETF
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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