Sax Wealth Advisors LLC grew its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 26.0% during the third quarter, HoldingsChannel reports. The firm owned 1,060,337 shares of the company’s stock after buying an additional 218,492 shares during the period. Putnam Focused Large Cap Value ETF accounts for 1.6% of Sax Wealth Advisors LLC’s portfolio, making the stock its 12th largest position. Sax Wealth Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $55,795,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PVAL. Athena Wealth Management LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 3.1% in the 3rd quarter. Athena Wealth Management LLC now owns 77,862 shares of the company’s stock valued at $4,097,000 after purchasing an additional 2,354 shares in the last quarter. Breakwater Capital Group raised its stake in shares of Putnam Focused Large Cap Value ETF by 20.2% during the third quarter. Breakwater Capital Group now owns 54,360 shares of the company’s stock valued at $2,860,000 after purchasing an additional 9,144 shares in the last quarter. Green Ridge Wealth Planning LLC lifted its position in Putnam Focused Large Cap Value ETF by 25.4% in the third quarter. Green Ridge Wealth Planning LLC now owns 259,011 shares of the company’s stock worth $13,629,000 after purchasing an additional 52,506 shares during the period. Farther Finance Advisors LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 520.2% during the third quarter. Farther Finance Advisors LLC now owns 162,020 shares of the company’s stock worth $8,526,000 after buying an additional 135,897 shares in the last quarter. Finally, Cooper Financial Group lifted its stake in Putnam Focused Large Cap Value ETF by 1.9% during the third quarter. Cooper Financial Group now owns 336,735 shares of the company’s stock valued at $17,719,000 after buying an additional 6,338 shares in the last quarter.
Putnam Focused Large Cap Value ETF Stock Down 0.0%
Shares of Putnam Focused Large Cap Value ETF stock traded down $0.01 during midday trading on Tuesday, hitting $54.13. The company’s stock had a trading volume of 746,444 shares, compared to its average volume of 1,628,004. Putnam Focused Large Cap Value ETF has a 1-year low of $41.86 and a 1-year high of $54.70. The firm has a market capitalization of $14.83 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock has a 50-day simple moving average of $53.84 and a 200-day simple moving average of $51.45.
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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