Corient Private Wealth LP boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,312,998 shares of the company’s stock after purchasing an additional 60,556 shares during the period. Corient Private Wealth LP’s holdings in Putnam Focused Large Cap Value ETF were worth $66,897,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. purchased a new stake in Putnam Focused Large Cap Value ETF during the first quarter valued at $27,000. Parkside Financial Bank & Trust purchased a new position in Putnam Focused Large Cap Value ETF in the fourth quarter worth about $52,000. MCF Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at about $53,000. Global Retirement Partners LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at about $58,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at about $62,000.
Putnam Focused Large Cap Value ETF Stock Up 0.7%
NYSEARCA PVAL opened at $53.89 on Friday. The company has a 50-day moving average price of $53.38 and a 200-day moving average price of $50.50. Putnam Focused Large Cap Value ETF has a 52 week low of $41.58 and a 52 week high of $54.70. The firm has a market capitalization of $13.60 billion, a P/E ratio of 17.86 and a beta of 0.84.
About Putnam Focused Large Cap Value ETF
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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