Baker Tilly Wealth Management LLC Acquires 76,437 Shares of Putnam Focused Large Cap Value ETF $PVAL

Baker Tilly Wealth Management LLC grew its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 19.9% in the 4th quarter, HoldingsChannel reports. The firm owned 460,074 shares of the company’s stock after purchasing an additional 76,437 shares during the quarter. Putnam Focused Large Cap Value ETF makes up 5.2% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Baker Tilly Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $20,966,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in PVAL. M&T Bank Corp purchased a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $3,900,000. Prostatis Group LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $3,727,000. Cullen Frost Bankers Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF by 135.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after buying an additional 3,360,792 shares during the period. Glenmede Investment Management LP grew its position in shares of Putnam Focused Large Cap Value ETF by 15.8% during the third quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after buying an additional 789,767 shares in the last quarter. Finally, Trademark Financial Management LLC grew its position in shares of Putnam Focused Large Cap Value ETF by 429.2% during the third quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock worth $6,149,000 after buying an additional 116,730 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL stock opened at $45.68 on Monday. The company’s 50 day moving average price is $47.48 and its 200 day moving average price is $45.10. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $49.13.

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.