Cullen Frost Bankers Inc. raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,852,855 shares of the company’s stock after purchasing an additional 1,009,485 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for approximately 3.4% of Cullen Frost Bankers Inc.’s portfolio, making the stock its 3rd largest position. Cullen Frost Bankers Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $312,285,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. International Assets Investment Management LLC purchased 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 stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth $63,000. Franklin Resources Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth $94,000. Signaturefd LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth $120,000. Finally, Allworth Financial LP increased its position in shares of Putnam Focused Large Cap Value ETF by 7.3% during the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock worth $146,000 after acquiring an additional 219 shares during the period.
Putnam Focused Large Cap Value ETF Trading Down 0.8%
Putnam Focused Large Cap Value ETF stock opened at $49.40 on Wednesday. Putnam Focused Large Cap Value ETF has a twelve month low of $37.56 and a twelve month high of $50.36. The stock’s fifty day simple moving average is $47.82 and its 200-day simple moving average is $46.69. The firm has a market capitalization of $10.04 billion, a P/E ratio of 17.86 and a beta of 0.85.
Putnam Focused Large Cap Value ETF 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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