Putnam Focused Large Cap Value ETF $PVAL Stock: Brookstone Capital Management Increases Holdings

Brookstone Capital Management increased its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 49.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 219,278 shares of the company’s stock after acquiring an additional 72,355 shares during the quarter. Brookstone Capital Management’s holdings in Putnam Focused Large Cap Value ETF were worth $11,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PVAL. Blue Trust Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the first quarter worth $27,000. Arvest Investments Inc. bought a new position in Putnam Focused Large Cap Value ETF in the third quarter worth about $57,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 113.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock valued at $72,000 after purchasing an additional 748 shares during the last quarter. Signature Equity Partners LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 1st quarter worth about $75,000. Finally, Community Bank N.A. purchased a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter worth approximately $79,000.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $53.91 on Friday. The business has a 50 day simple moving average of $53.79 and a two-hundred day simple moving average of $51.91. Putnam Focused Large Cap Value ETF has a 1-year low of $42.76 and a 1-year high of $54.70. The stock has a market capitalization of $15.02 billion, a PE 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.