Continuum Advisory LLC Has $1.90 Million Stake in Putnam Focused Large Cap Value ETF $PVAL

Continuum Advisory LLC raised its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 196.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,876 shares of the company’s stock after purchasing an additional 27,085 shares during the period. Continuum Advisory LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,897,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the first quarter worth approximately $27,000. Parkside Financial Bank & Trust bought a new position in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $52,000. MCF Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $53,000. Global Retirement Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $58,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $62,000.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA:PVAL opened at $50.95 on Monday. Putnam Focused Large Cap Value ETF has a 52 week low of $39.71 and a 52 week high of $52.13. The firm’s fifty day moving average is $50.15 and its 200-day moving average is $48.08. The firm has a market cap of $10.36 billion, a P/E ratio of 17.86 and a beta of 0.84.

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.