Putnam Focused Large Cap Value ETF $PVAL Stake Increased by Drake & Associates LLC

Drake & Associates LLC boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 795,851 shares of the company’s stock after purchasing an additional 71,879 shares during the quarter. Putnam Focused Large Cap Value ETF makes up 7.2% of Drake & Associates LLC’s investment portfolio, making the stock its 3rd largest position. Drake & Associates LLC owned about 0.48% of Putnam Focused Large Cap Value ETF worth $36,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PVAL. Parkside Financial Bank & Trust purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth about $52,000. MCF Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $53,000. Global Retirement Partners LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $58,000. International Assets Investment Management LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $62,000. Finally, Fifth Third Bancorp purchased a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $63,000.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $51.41 on Friday. The company’s 50 day simple moving average is $49.78 and its two-hundred day simple moving average is $47.80. Putnam Focused Large Cap Value ETF has a 1 year low of $38.95 and a 1 year high of $52.13. The stock has a market capitalization of $10.45 billion, a PE ratio of 17.86 and a beta of 0.84.

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.