Drake & Associates LLC Has $36.27 Million Stake in Putnam Focused Large Cap Value ETF $PVAL

Drake & Associates LLC lifted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 795,851 shares of the company’s stock after purchasing an additional 71,879 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for approximately 7.2% of Drake & Associates LLC’s portfolio, making the stock its 3rd largest position. Drake & Associates LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $36,267,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Putnam Focused Large Cap Value ETF by 22.0% in the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after purchasing an additional 2,239,115 shares in the last quarter. Morgan Stanley lifted its position in Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after purchasing an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers grew its stake in Putnam Focused Large Cap Value ETF by 27.6% in the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after buying an additional 1,484,571 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Putnam Focused Large Cap Value ETF by 17.3% in the 4th 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, Auctus Advisors LLC purchased a new position in Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $43,589,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL opened at $51.41 on Friday. The company’s fifty day moving average price is $49.78 and its 200-day moving average price is $47.80. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a one year low of $38.95 and a one year 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.