Essex Financial Services Inc. Has $5.29 Million Holdings in Putnam Focused Large Cap Value ETF $PVAL

Essex Financial Services Inc. increased its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,036 shares of the company’s stock after purchasing an additional 16,088 shares during the period. Essex Financial Services Inc. owned approximately 0.07% of Putnam Focused Large Cap Value ETF worth $5,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Putnam Focused Large Cap Value ETF by 22.0% in the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after purchasing an additional 2,239,115 shares during the period. Cullen Frost Bankers Inc. lifted its position in Putnam Focused Large Cap Value ETF by 17.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after buying an additional 1,009,485 shares in the last quarter. Glenmede Investment Management LP lifted its position in Putnam Focused Large Cap Value ETF by 15.8% during the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after buying an additional 789,767 shares in the last quarter. UBS Group AG lifted its position in Putnam Focused Large Cap Value ETF by 8.8% during the 4th quarter. UBS Group AG now owns 5,037,434 shares of the company’s stock worth $229,556,000 after buying an additional 408,248 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Putnam Focused Large Cap Value ETF by 9.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,603,577 shares of the company’s stock worth $209,785,000 after buying an additional 410,945 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL opened at $50.59 on Friday. The company’s 50-day moving average price is $48.46 and its two-hundred day moving average price is $47.06. Putnam Focused Large Cap Value ETF has a one year low of $38.08 and a one year high of $50.70. The stock has a market capitalization of $10.28 billion, a PE ratio of 17.86 and a beta of 0.85.

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.