Robinson Smith Wealth Advisors LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) in the fourth quarter, HoldingsChannel reports. The firm acquired 53,690 shares of the company’s stock, valued at approximately $2,447,000. Putnam Focused Large Cap Value ETF accounts for approximately 1.7% of Robinson Smith Wealth Advisors LLC’s holdings, making the stock its 16th biggest position.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New England Private Wealth Advisors LLC grew its holdings in Putnam Focused Large Cap Value ETF by 10.7% in the 4th quarter. New England Private Wealth Advisors LLC now owns 137,765 shares of the company’s stock valued at $6,278,000 after buying an additional 13,331 shares during the period. Axxcess Wealth Management LLC grew its holdings in Putnam Focused Large Cap Value ETF by 80.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 31,604 shares of the company’s stock valued at $1,440,000 after buying an additional 14,093 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings in Putnam Focused Large Cap Value ETF by 3.8% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 35,546 shares of the company’s stock valued at $1,620,000 after buying an additional 1,316 shares during the period. Global Retirement Partners LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $58,000. Finally, Motco grew its holdings in Putnam Focused Large Cap Value ETF by 7.9% in the 4th quarter. Motco now owns 83,738 shares of the company’s stock valued at $3,816,000 after buying an additional 6,166 shares during the period.
Putnam Focused Large Cap Value ETF Price Performance
PVAL opened at $50.36 on Monday. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85. The business has a 50-day moving average of $48.03 and a two-hundred day moving average of $46.83. Putnam Focused Large Cap Value ETF has a 12 month low of $37.56 and a 12 month high of $50.53.
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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