Frontier Asset Management LLC boosted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 52.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 412,164 shares of the company’s stock after purchasing an additional 141,428 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 4.0% of Frontier Asset Management LLC’s investment portfolio, making the stock its 8th largest position. Frontier Asset Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $19,124,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PVAL. Bank of America Corp DE boosted its stake in Putnam Focused Large Cap Value ETF by 22.0% during the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after purchasing an additional 2,239,115 shares during the last quarter. Morgan Stanley raised its position in shares of Putnam Focused Large Cap Value ETF by 24.9% in the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after buying an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Putnam Focused Large Cap Value ETF by 27.6% in the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after buying an additional 1,484,571 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of Putnam Focused Large Cap Value ETF by 17.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after buying an additional 1,009,485 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF by 4.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,124,640 shares of the company’s stock worth $233,530,000 after buying an additional 234,950 shares in the last quarter.
Putnam Focused Large Cap Value ETF Trading Down 0.5%
PVAL opened at $51.95 on Friday. Putnam Focused Large Cap Value ETF has a twelve month low of $39.71 and a twelve month high of $52.31. The firm has a market capitalization of $12.47 billion, a PE ratio of 17.86 and a beta of 0.84. The firm’s 50-day moving average price is $50.94 and its 200 day moving average price is $48.70.
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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