Brookstone Capital Management Purchases New Stake in Putnam Focused Large Cap Value ETF $PVAL

Brookstone Capital Management purchased a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 279,343 shares of the company’s stock, valued at approximately $12,962,000. Brookstone Capital Management owned 0.14% of Putnam Focused Large Cap Value ETF as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PVAL. Bank of America Corp DE raised its stake in shares of Putnam Focused Large Cap Value ETF by 22.0% during the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after acquiring an additional 2,239,115 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after purchasing an additional 1,906,373 shares during the period. Cetera Investment Advisers grew its stake in shares of Putnam Focused Large Cap Value ETF by 27.6% in the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after purchasing an additional 1,484,571 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Putnam Focused Large Cap Value ETF by 17.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after purchasing an additional 1,009,485 shares during the last quarter. Finally, Auctus Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth about $43,589,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL opened at $51.55 on Tuesday. The stock’s 50-day moving average is $49.92 and its 200 day moving average is $47.90. The company has a market cap of $10.48 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.

About Putnam Focused Large Cap Value ETF

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.