Frontier Asset Management LLC Buys 16,537 Shares of Putnam Focused Large Cap Value ETF $PVAL

Frontier Asset Management LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 270,736 shares of the company’s stock after buying an additional 16,537 shares during the quarter. Putnam Focused Large Cap Value ETF makes up approximately 2.9% of Frontier Asset Management LLC’s portfolio, making the stock its 11th largest holding. Frontier Asset Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $12,337,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PVAL. International Assets Investment Management LLC bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $62,000. Fifth Third Bancorp bought a new position in Putnam Focused Large Cap Value ETF during the third quarter valued at about $63,000. Franklin Resources Inc. bought a new position in Putnam Focused Large Cap Value ETF during the second quarter worth about $94,000. Signaturefd LLC bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $120,000. Finally, CoreCap Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF during the third quarter worth about $123,000.

Putnam Focused Large Cap Value ETF Stock Up 0.2%

Shares of NYSEARCA:PVAL opened at $49.33 on Friday. The firm has a market capitalization of $10.03 billion, a PE ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a twelve month low of $37.35 and a twelve month high of $49.71. The company has a 50-day moving average price of $47.55 and a two-hundred day moving average price of $46.32.

Putnam Focused Large Cap Value ETF 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.