GK Wealth Management LLC Acquires New Shares in Putnam Focused Large Cap Value ETF $PVAL

GK Wealth Management LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 22,240 shares of the company’s stock, valued at approximately $1,013,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 135.4% during the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after purchasing an additional 3,360,792 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Putnam Focused Large Cap Value ETF by 266.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock worth $167,333,000 after buying an additional 2,847,566 shares in the last quarter. Bank of America Corp DE raised its position in Putnam Focused Large Cap Value ETF by 22.0% in the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after buying an additional 2,239,115 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Putnam Focused Large Cap Value ETF by 106.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,904 shares of the company’s stock worth $143,456,000 after buying an additional 1,841,717 shares during the last quarter. Finally, Glenmede Investment Management LP lifted its stake in Putnam Focused Large Cap Value ETF by 15.8% during the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after acquiring an additional 789,767 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.3%

Shares of NYSEARCA PVAL opened at $46.18 on Friday. The firm’s 50-day moving average price is $47.51 and its 200-day moving average price is $45.02. The company has a market cap of $7.58 billion, a PE ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $49.13.

About Putnam Focused Large Cap Value ETF

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.