Putnam Focused Large Cap Value ETF $PVAL Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 42.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,571,225 shares of the company’s stock after acquiring an additional 467,121 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.96% of Putnam Focused Large Cap Value ETF worth $71,601,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth $62,000. Fifth Third Bancorp acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter worth $63,000. Franklin Resources Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth $94,000. Signaturefd LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth $120,000. Finally, Allworth Financial LP raised its stake in shares of Putnam Focused Large Cap Value ETF by 7.3% during the 4th 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.

Putnam Focused Large Cap Value ETF Stock Down 0.7%

NYSEARCA:PVAL opened at $49.85 on Friday. The company has a market capitalization of $10.13 billion, a PE ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a 52-week low of $37.56 and a 52-week high of $50.36. The stock has a fifty day simple moving average of $47.72 and a 200-day simple moving average of $46.57.

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.