StoneX Group Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,702 shares of the company’s stock, valued at approximately $826,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew 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 valued at $1,666,439,000 after purchasing an additional 11,707,304 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth $448,572,000. Cetera Investment Advisers raised its holdings in Putnam Focused Large Cap Value ETF by 21.6% in the 1st quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after purchasing an additional 1,483,240 shares during the period. Glenmede Trust Co. NA raised 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 purchasing an additional 734,798 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Putnam Focused Large Cap Value ETF by 16.4% during the second quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock valued at $275,167,000 after purchasing an additional 762,099 shares in the last quarter.
Putnam Focused Large Cap Value ETF Stock Down 0.3%
Shares of PVAL opened at $54.88 on Wednesday. The business has a 50-day simple moving average of $53.86 and a two-hundred day simple moving average of $50.95. Putnam Focused Large Cap Value ETF has a 52 week low of $42.76 and a 52 week high of $55.91. The stock has a market cap of $15.67 billion, a price-to-earnings ratio of 17.86 and a beta of 0.83.
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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