Focus Financial Network Inc. decreased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 28.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,976 shares of the company’s stock after selling 10,204 shares during the period. Focus Financial Network Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $1,323,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in PVAL. Bank of America Corp DE lifted its position in shares of Putnam Focused Large Cap Value ETF by 48.4% in the first 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 in the last quarter. Morgan Stanley raised its holdings in shares of Putnam Focused Large Cap Value ETF by 24.9% during the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after acquiring an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Putnam Focused Large Cap Value ETF by 27.6% during the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after acquiring an additional 1,484,571 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Putnam Focused Large Cap Value ETF by 17.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after acquiring an additional 1,009,485 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at $35,501,000.
Putnam Focused Large Cap Value ETF Stock Performance
Shares of PVAL opened at $54.45 on Wednesday. The stock has a market capitalization of $13.74 billion, a PE ratio of 17.86 and a beta of 0.84. The company’s fifty day moving average is $52.00 and its 200 day moving average is $49.52. Putnam Focused Large Cap Value ETF has a fifty-two week low of $40.61 and a fifty-two week high of $54.63.
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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