Putnam Focused Large Cap Value ETF $PVAL Stock Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 21.0% during the third quarter, HoldingsChannel reports. The firm owned 155,096 shares of the company’s stock after purchasing an additional 26,944 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $8,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vise Technologies Inc. lifted its holdings in Putnam Focused Large Cap Value ETF by 47.2% in the third quarter. Vise Technologies Inc. now owns 38,156 shares of the company’s stock worth $2,008,000 after buying an additional 12,235 shares during the period. Marin Bay Wealth Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 4.1% during the 3rd quarter. Marin Bay Wealth Advisors LLC now owns 8,819 shares of the company’s stock worth $464,000 after acquiring an additional 345 shares during the period. Heritage Wealth Management Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 36.8% during the 3rd quarter. Heritage Wealth Management Inc. now owns 10,437 shares of the company’s stock worth $549,000 after acquiring an additional 2,807 shares during the period. Founders Financial Securities LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $973,000. Finally, Foundry Financial Group Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 1.0% in the 3rd quarter. Foundry Financial Group Inc. now owns 173,017 shares of the company’s stock worth $9,104,000 after acquiring an additional 1,647 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL traded down $0.18 on Friday, reaching $53.83. The stock had a trading volume of 2,423,782 shares, compared to its average volume of 1,694,632. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 17.86 and a beta of 0.83. The company has a 50-day simple moving average of $53.83 and a 200-day simple moving average of $50.87. Putnam Focused Large Cap Value ETF has a 12-month low of $42.76 and a 12-month high of $55.91.

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.