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

IFP Advisors Inc increased its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 73.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,688 shares of the company’s stock after purchasing an additional 113,535 shares during the period. IFP Advisors Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $14,138,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PVAL. Bank of America Corp DE increased its stake in Putnam Focused Large Cap Value ETF by 48.4% during the 1st quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after purchasing an additional 11,707,304 shares in the last quarter. Cetera Investment Advisers raised its holdings in Putnam Focused Large Cap Value ETF by 21.6% during the 1st quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after buying an additional 1,483,240 shares during the period. Glenmede Trust Co. NA raised its holdings in Putnam Focused Large Cap Value ETF by 11.4% during the 1st quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after buying an additional 734,798 shares during the period. Envestnet Asset Management Inc. lifted its stake in Putnam Focused Large Cap Value ETF by 16.4% in the second quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock valued at $275,167,000 after buying an additional 762,099 shares in the last quarter. Finally, Modern Wealth Management LLC lifted its stake in Putnam Focused Large Cap Value ETF by 16.1% in the first quarter. Modern Wealth Management LLC now owns 2,304,807 shares of the company’s stock valued at $107,335,000 after buying an additional 319,556 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Down 0.3%

Putnam Focused Large Cap Value ETF stock opened at $54.02 on Friday. The stock has a market capitalization of $14.91 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a twelve month low of $42.27 and a twelve month high of $54.70. The company has a 50 day moving average of $53.83 and a 200-day moving average of $51.64.

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.