Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by Able Wealth Management LLC

Able Wealth Management LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 31.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 352,075 shares of the company’s stock after buying an additional 83,264 shares during the period. Putnam Focused Large Cap Value ETF comprises approximately 4.4% of Able Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. Able Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $16,336,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth $27,000. Parkside Financial Bank & Trust acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at $52,000. MCF Advisors LLC purchased a new position in Putnam Focused Large Cap Value ETF in the 4th quarter worth about $53,000. Global Retirement Partners LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $58,000. Finally, International Assets Investment Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $62,000.

Putnam Focused Large Cap Value ETF Trading Up 0.3%

PVAL stock opened at $51.09 on Thursday. Putnam Focused Large Cap Value ETF has a one year low of $39.71 and a one year high of $52.13. The firm has a 50-day moving average of $50.27 and a two-hundred day moving average of $48.20. The firm has a market capitalization of $14.13 billion, a PE 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.