Bleakley Financial Group LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 779,036 shares of the company’s stock, valued at approximately $35,501,000. Bleakley Financial Group LLC owned approximately 0.47% of Putnam Focused Large Cap Value ETF at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth $58,000. International Assets Investment Management LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth $62,000. Fifth Third Bancorp acquired a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter worth $63,000. Franklin Resources Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter worth $94,000. Finally, Signaturefd LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth $120,000.
Putnam Focused Large Cap Value ETF Stock Performance
Shares of PVAL stock opened at $50.36 on Tuesday. The business’s fifty day simple moving average is $48.12 and its 200-day simple moving average is $46.88. The company has a market cap of $10.24 billion, a PE ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a 12-month low of $37.56 and a 12-month high of $50.53.
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.
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