First United Bank & Trust Invests $1.20 Million in Putnam Focused Large Cap Value ETF $PVAL

First United Bank & Trust purchased a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 25,795 shares of the company’s stock, valued at approximately $1,197,000.

A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. acquired a new position in Putnam Focused Large Cap Value ETF in the first quarter valued at $27,000. Parkside Financial Bank & Trust acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $52,000. MCF Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $53,000. Global Retirement Partners LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $58,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $62,000.

Putnam Focused Large Cap Value ETF Stock Down 0.8%

Shares of PVAL stock opened at $50.95 on Friday. The stock’s 50-day moving average price is $50.15 and its 200 day moving average price is $48.06. The stock has a market capitalization of $10.36 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 52-week low of $39.71 and a 52-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.