772,527 Shares in Putnam Focused Large Cap Value ETF $PVAL Purchased by Bouchey Financial Group Ltd.

Bouchey Financial Group Ltd. bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 772,527 shares of the company’s stock, valued at approximately $39,360,000. Putnam Focused Large Cap Value ETF accounts for approximately 2.5% of Bouchey Financial Group Ltd.’s portfolio, making the stock its 13th biggest holding. Bouchey Financial Group Ltd. owned approximately 0.31% of Putnam Focused Large Cap Value ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Putnam Focused Large Cap Value ETF by 14.7% during the first quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock valued at $2,798,000 after buying an additional 9,442 shares during the period. Jane Street Group LLC bought a new position in Putnam Focused Large Cap Value ETF during the 1st quarter worth about $2,380,000. JPMorgan Chase & Co. increased its position in Putnam Focused Large Cap Value ETF by 124.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock valued at $1,121,000 after purchasing an additional 15,435 shares during the period. Franklin Resources Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $94,000. Finally, Brown Advisory Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after purchasing an additional 300 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.4%

Shares of NYSEARCA:PVAL opened at $53.67 on Thursday. Putnam Focused Large Cap Value ETF has a 12-month low of $41.58 and a 12-month high of $54.70. The business’s fifty day simple moving average is $53.30 and its 200-day simple moving average is $50.44. The company has a market capitalization of $13.54 billion, a PE ratio of 17.86 and a beta of 0.84.

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.