Renaissance Technologies LLC acquired a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,100 shares of the company’s stock, valued at approximately $1,350,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its holdings in Putnam Focused Large Cap Value ETF by 7.3% during the 4th quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after acquiring an additional 219 shares during the period. Verdence Capital Advisors LLC increased its stake in Putnam Focused Large Cap Value ETF by 2.7% during the fourth 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. Next Level Private LLC increased its stake in Putnam Focused Large Cap Value ETF by 4.4% during the first 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 period. Brown Advisory Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares in the last quarter. Finally, Advisor OS LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 2.8% during the fourth quarter. Advisor OS LLC now owns 16,093 shares of the company’s stock worth $733,000 after purchasing an additional 435 shares in the last quarter.
Putnam Focused Large Cap Value ETF Stock Performance
NYSEARCA PVAL opened at $54.42 on Friday. The firm has a market cap of $13.73 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The firm has a 50 day simple moving average of $52.13 and a 200-day simple moving average of $49.63. Putnam Focused Large Cap Value ETF has a one year low of $40.89 and a one year high of $54.63.
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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