Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by IFP Advisors Inc

IFP Advisors Inc lifted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 155,153 shares of the company’s stock after purchasing an additional 22,211 shares during the period. IFP Advisors Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $7,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in Putnam Focused Large Cap Value ETF in the first quarter valued at $27,000. Parkside Financial Bank & Trust acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth about $52,000. MCF Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $53,000. Global Retirement Partners LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $58,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth about $62,000.

Putnam Focused Large Cap Value ETF Stock Down 0.4%

PVAL stock opened at $53.67 on Thursday. The business has a 50 day moving average price of $53.30 and a 200 day moving average price of $50.44. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a fifty-two week low of $41.58 and a fifty-two week high of $54.70.

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.