Barnes Pettey Financial Advisors LLC Buys New Position in Putnam Focused Large Cap Value ETF $PVAL

Barnes Pettey Financial Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 12,158 shares of the company’s stock, valued at approximately $564,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PVAL. Bank of America Corp DE grew its holdings in shares of Putnam Focused Large Cap Value ETF by 22.0% in the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after purchasing an additional 2,239,115 shares in the last quarter. Morgan Stanley lifted its holdings in Putnam Focused Large Cap Value ETF by 24.9% during the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after buying an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Putnam Focused Large Cap Value ETF by 27.6% during the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after buying an additional 1,484,571 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings 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. Finally, Glenmede Investment Management LP boosted its position in Putnam Focused Large Cap Value ETF by 15.8% in the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after buying an additional 789,767 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.3%

NYSEARCA:PVAL opened at $51.09 on Thursday. The company has a fifty day simple moving average of $50.27 and a two-hundred day simple moving average of $48.20. The company has a market cap of $14.13 billion, a price-to-earnings 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.

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.