Putnam Focused Large Cap Value ETF $PVAL Shares Purchased by Allegheny Financial Group

Allegheny Financial Group raised its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 15.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,281,875 shares of the company’s stock after purchasing an additional 299,733 shares during the quarter. Putnam Focused Large Cap Value ETF makes up approximately 14.3% of Allegheny Financial Group’s holdings, making the stock its largest holding. Allegheny Financial Group’s holdings in Putnam Focused Large Cap Value ETF were worth $105,879,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Putnam Focused Large Cap Value ETF by 14.7% during the 1st quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after acquiring an additional 9,442 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 1st quarter valued at $2,380,000. JPMorgan Chase & Co. increased its position in shares of Putnam Focused Large Cap Value ETF by 124.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock valued at $1,121,000 after buying an additional 15,435 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth $94,000. Finally, Brown Advisory Inc. raised its stake in Putnam Focused Large Cap Value ETF by 2.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after buying an additional 300 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL stock opened at $51.41 on Monday. The business’s 50-day moving average price is $49.85 and its two-hundred day moving average price is $47.84. The firm has a market cap of $10.45 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1-year low of $38.95 and a 1-year high of $52.13.

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.