Stonebridge Financial Group LLC MO bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) during the fourth quarter, Holdings Channel reports. The fund bought 62,209 shares of the company’s stock, valued at approximately $2,835,000. Putnam Focused Large Cap Value ETF accounts for 2.5% of Stonebridge Financial Group LLC MO’s investment portfolio, making the stock its 8th biggest position.
Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth $62,000. Fifth Third Bancorp purchased a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter valued at $63,000. Franklin Resources Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at $94,000. Signaturefd LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at $120,000. Finally, CoreCap Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter valued at $123,000.
Putnam Focused Large Cap Value ETF Trading Up 0.1%
Shares of PVAL stock opened at $49.58 on Wednesday. Putnam Focused Large Cap Value ETF has a 1-year low of $37.56 and a 1-year high of $49.72. The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85. The stock’s fifty day simple moving average is $47.61 and its 200-day simple moving average is $46.46.
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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Want to see what other hedge funds are holding PVAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report).
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