Independent Financial Group LLC bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,943 shares of the company’s stock, valued at approximately $1,389,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. grew its stake in shares of Putnam Focused Large Cap Value ETF by 3.7% during the first quarter. D.A. Davidson & CO. now owns 70,855 shares of the company’s stock worth $3,288,000 after purchasing an additional 2,534 shares during the period. Marks Group Wealth Management Inc boosted its holdings in Putnam Focused Large Cap Value ETF by 1,509.5% during the first quarter. Marks Group Wealth Management Inc now owns 349,180 shares of the company’s stock worth $16,202,000 after buying an additional 327,485 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Putnam Focused Large Cap Value ETF by 40.0% during the 1st quarter. Bank of New York Mellon Corp now owns 154,299 shares of the company’s stock worth $7,159,000 after buying an additional 44,119 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Putnam Focused Large Cap Value ETF by 2.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 850,637 shares of the company’s stock worth $39,470,000 after buying an additional 23,856 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 19.0% in the 1st quarter. Sanctuary Advisors LLC now owns 1,183,884 shares of the company’s stock valued at $54,932,000 after acquiring an additional 188,615 shares during the last quarter.
Putnam Focused Large Cap Value ETF Stock Performance
Shares of NYSEARCA:PVAL opened at $51.95 on Monday. Putnam Focused Large Cap Value ETF has a 52 week low of $39.71 and a 52 week high of $52.31. The company has a market capitalization of $12.47 billion, a PE ratio of 17.86 and a beta of 0.84. The company has a 50 day moving average price of $50.94 and a two-hundred day moving average price of $48.72.
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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