Ballew Advisors Inc Acquires 22,000 Shares of Putnam Focused Large Cap Value ETF $PVAL

Ballew Advisors Inc grew its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 23.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,076 shares of the company’s stock after buying an additional 22,000 shares during the period. Putnam Focused Large Cap Value ETF makes up 3.0% of Ballew Advisors Inc’s investment portfolio, making the stock its 5th largest holding. Ballew Advisors Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $6,074,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Putnam Focused Large Cap Value ETF by 48.4% in the 1st quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after acquiring an additional 11,707,304 shares in the last quarter. Cetera Investment Advisers boosted its stake in Putnam Focused Large Cap Value ETF by 21.6% during the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after acquiring an additional 1,483,240 shares in the last quarter. Bouchey Financial Group Ltd. bought a new position in Putnam Focused Large Cap Value ETF during the second quarter worth $39,360,000. Envestnet Asset Management Inc. boosted its stake in Putnam Focused Large Cap Value ETF by 16.4% during the second quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock worth $275,167,000 after acquiring an additional 762,099 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in Putnam Focused Large Cap Value ETF by 11.4% in the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after purchasing an additional 734,798 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.7%

PVAL traded up $0.38 during midday trading on Monday, hitting $53.16. The company had a trading volume of 1,220,450 shares, compared to its average volume of 1,635,503. Putnam Focused Large Cap Value ETF has a 52 week low of $41.58 and a 52 week high of $54.70. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The stock’s 50 day moving average price is $53.78 and its 200 day moving average price is $51.14.

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.