Putnam Focused Large Cap Value ETF $PVAL Stock Position Increased by Embree Financial Group

Embree Financial Group raised its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 79.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 606,936 shares of the company’s stock after buying an additional 269,353 shares during the quarter. Putnam Focused Large Cap Value ETF comprises about 3.4% of Embree Financial Group’s investment portfolio, making the stock its 6th biggest holding. Embree Financial Group’s holdings in Putnam Focused Large Cap Value ETF were worth $27,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter worth $63,000. Franklin Resources Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at $94,000. CoreCap Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $123,000. Lantern Wealth Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $224,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $228,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $45.57 on Monday. Putnam Focused Large Cap Value ETF has a one year low of $32.83 and a one year high of $49.13. The company’s 50-day moving average is $47.41 and its 200 day moving average is $45.24. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88.

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.