Cedar Mountain Advisors LLC Invests $722,000 in Putnam Focused Large Cap Value ETF $PVAL

Cedar Mountain Advisors LLC bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,166 shares of the company’s stock, valued at approximately $722,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $27,000. Parkside Financial Bank & Trust acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at $52,000. MCF Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at $53,000. Global Retirement Partners LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth $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 worth $62,000.

Putnam Focused Large Cap Value ETF Trading Up 0.7%

Shares of PVAL stock opened at $53.79 on Tuesday. The company has a market cap of $13.49 billion, a P/E ratio of 17.86 and a beta of 0.84. The firm has a fifty day moving average price of $51.56 and a 200 day moving average price of $49.21. Putnam Focused Large Cap Value ETF has a 12 month low of $40.05 and a 12 month high of $53.88.

Putnam Focused Large Cap Value ETF 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.