Towneley Capital Management Inc DE reduced its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 418,247 shares of the company’s stock after selling 10,799 shares during the quarter. Putnam Focused Large Cap Value ETF comprises about 4.4% of Towneley Capital Management Inc DE’s portfolio, making the stock its 7th largest holding. Towneley Capital Management Inc DE’s holdings in Putnam Focused Large Cap Value ETF were worth $22,008,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in PVAL. Blue Trust Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Putnam Focused Large Cap Value ETF by 113.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock valued at $72,000 after acquiring an additional 748 shares during the last quarter. Community Bank N.A. bought a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $79,000. Signature Equity Partners LLC acquired a new position in Putnam Focused Large Cap Value ETF during the first quarter valued at approximately $75,000. Finally, International Assets Investment Management LLC raised its position in Putnam Focused Large Cap Value ETF by 44.4% during the first quarter. International Assets Investment Management LLC now owns 1,950 shares of the company’s stock valued at $91,000 after purchasing an additional 600 shares in the last quarter.
Putnam Focused Large Cap Value ETF Trading Up 0.5%
NYSEARCA PVAL traded up $0.28 on Friday, hitting $53.91. 907,808 shares of the company’s stock were exchanged, compared to its average volume of 1,628,926. The stock has a 50-day moving average of $53.82 and a 200-day moving average of $51.34. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 52 week low of $41.58 and a 52 week high of $54.70.
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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