Putnam Focused Large Cap Value ETF $PVAL Stake Lifted by AdvisorNet Financial Inc

AdvisorNet Financial Inc raised its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 6.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 564,219 shares of the company’s stock after purchasing an additional 36,044 shares during the period. Putnam Focused Large Cap Value ETF comprises 1.4% of AdvisorNet Financial Inc’s portfolio, making the stock its 10th biggest position. AdvisorNet Financial Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $26,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 2,239,115 shares during the period. Morgan Stanley increased its stake in shares of Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after buying an additional 1,906,373 shares during the period. Cetera Investment Advisers raised its holdings in shares of Putnam Focused Large Cap Value ETF by 27.6% in the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after acquiring an additional 1,484,571 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 17.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after acquiring an additional 1,009,485 shares in the last quarter. Finally, Auctus Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $43,589,000.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA:PVAL opened at $51.55 on Tuesday. Putnam Focused Large Cap Value ETF has a 1-year low of $38.95 and a 1-year high of $52.13. The company has a 50-day moving average of $49.92 and a 200 day moving average of $47.90. The firm has a market cap of $10.48 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.