Essex Financial Services Inc. Purchases 25,732 Shares of Putnam Focused Large Cap Value ETF $PVAL

Essex Financial Services Inc. lifted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 22.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 141,768 shares of the company’s stock after purchasing an additional 25,732 shares during the period. Essex Financial Services Inc. owned 0.07% of Putnam Focused Large Cap Value ETF worth $6,578,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PVAL. Allworth Financial LP lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 7.3% during the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock worth $146,000 after buying an additional 219 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Putnam Focused Large Cap Value ETF by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock worth $432,000 after acquiring an additional 249 shares during the period. Next Level Private LLC raised its stake in Putnam Focused Large Cap Value ETF by 4.4% during the 1st quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock valued at $278,000 after purchasing an additional 250 shares during the last quarter. 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 valued at $507,000 after purchasing an additional 300 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 1.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock valued at $1,274,000 after purchasing an additional 413 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $51.09 on Thursday. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The company’s fifty day moving average is $50.27 and its two-hundred day moving average is $48.20. Putnam Focused Large Cap Value ETF has a 52-week low of $39.71 and a 52-week high of $52.13.

Putnam Focused Large Cap Value ETF Company 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.