Robinson Smith Wealth Advisors LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 251.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,877 shares of the company’s stock after buying an additional 135,187 shares during the period. Putnam Focused Large Cap Value ETF comprises approximately 5.9% of Robinson Smith Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Robinson Smith Wealth Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $8,764,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter valued at $27,000. Parkside Financial Bank & Trust acquired a new position in Putnam Focused Large Cap Value ETF in the 4th quarter worth about $52,000. MCF Advisors LLC acquired a new position in Putnam Focused Large Cap Value ETF in the 4th quarter worth about $53,000. Global Retirement Partners LLC bought a new position in Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $58,000. Finally, International Assets Investment Management LLC bought a new position in Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $62,000.
Putnam Focused Large Cap Value ETF Trading Up 0.4%
Shares of PVAL stock opened at $51.55 on Friday. The firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The business’s 50-day moving average price is $50.62 and its 200-day moving average price is $48.47. Putnam Focused Large Cap Value ETF has a 12 month low of $39.71 and a 12 month high of $52.13.
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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