Bleakley Financial Group LLC boosted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 32.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,029,520 shares of the company’s stock after purchasing an additional 250,484 shares during the period. Bleakley Financial Group LLC owned approximately 0.51% of Putnam Focused Large Cap Value ETF worth $47,770,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the first quarter valued at $27,000. Parkside Financial Bank & Trust acquired a new position in Putnam Focused Large Cap Value ETF during the 4th quarter valued at about $52,000. MCF Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $53,000. Global Retirement Partners LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at $58,000. Finally, International Assets Investment Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $62,000.
Putnam Focused Large Cap Value ETF Stock Up 0.1%
PVAL opened at $51.87 on Tuesday. The business has a fifty day simple moving average of $50.74 and a 200-day simple moving average of $48.55. The firm has a market cap of $12.33 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a fifty-two week low of $39.71 and a fifty-two week 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.
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