D.A. Davidson & CO. Trims Stake in Putnam Focused Large Cap Value ETF $PVAL

D.A. Davidson & CO. cut its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 50.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,321 shares of the company’s stock after selling 70,220 shares during the period. D.A. Davidson & CO.’s holdings in Putnam Focused Large Cap Value ETF were worth $3,113,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp purchased a new stake in Putnam Focused Large Cap Value ETF in the third quarter worth $63,000. Franklin Resources Inc. purchased a new position in Putnam Focused Large Cap Value ETF during the second quarter valued at $94,000. Signaturefd LLC purchased a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at $120,000. CoreCap Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at $123,000. Finally, Lantern Wealth Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at $224,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $49.42 on Friday. Putnam Focused Large Cap Value ETF has a 1 year low of $36.67 and a 1 year high of $49.47. The company has a 50-day moving average of $47.49 and a 200 day moving average of $46.12. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87.

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.