Founders Financial Securities LLC acquired a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,492 shares of the company’s stock, valued at approximately $973,000.
A number of other institutional investors and hedge funds have also made changes to their positions in PVAL. Bank of America Corp DE raised its stake in shares of 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. Cetera Investment Advisers lifted its position in shares of Putnam Focused Large Cap Value ETF by 21.6% during the 1st quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after buying an additional 1,483,240 shares in the last quarter. Bouchey Financial Group Ltd. acquired a new stake in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $39,360,000. Envestnet Asset Management Inc. grew its stake in Putnam Focused Large Cap Value ETF by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock valued at $275,167,000 after acquiring an additional 762,099 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in Putnam Focused Large Cap Value ETF by 11.4% in the 1st quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after acquiring an additional 734,798 shares in the last quarter.
Putnam Focused Large Cap Value ETF Stock Performance
Shares of NYSEARCA PVAL opened at $54.72 on Friday. The firm has a fifty day moving average of $53.82 and a 200 day moving average of $50.68. The firm has a market cap of $15.41 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a one year low of $42.76 and a one year high of $54.85.
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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