Private Advisor Group LLC Purchases 28,784 Shares of Putnam Focused Large Cap Value ETF $PVAL

Private Advisor Group LLC lifted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 265.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,644 shares of the company’s stock after purchasing an additional 28,784 shares during the period. Private Advisor Group LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PVAL. Trademark Financial Management LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 22.4% in the 1st quarter. Trademark Financial Management LLC now owns 244,265 shares of the company’s stock worth $11,334,000 after buying an additional 44,659 shares during the period. Patten Group Inc. raised its holdings in Putnam Focused Large Cap Value ETF by 11.8% during the first quarter. Patten Group Inc. now owns 53,907 shares of the company’s stock valued at $2,501,000 after acquiring an additional 5,670 shares during the period. Able Wealth Management LLC raised its holdings in Putnam Focused Large Cap Value ETF by 31.0% during the first quarter. Able Wealth Management LLC now owns 352,075 shares of the company’s stock valued at $16,336,000 after acquiring an additional 83,264 shares during the period. Midwest Capital Advisors LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 27.5% in the first quarter. Midwest Capital Advisors LLC now owns 164,664 shares of the company’s stock valued at $7,640,000 after acquiring an additional 35,478 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF by 22.2% in the first quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock worth $6,578,000 after acquiring an additional 25,732 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL traded up $0.27 during trading on Friday, reaching $51.82. 1,123,483 shares of the company traded hands, compared to its average volume of 1,602,317. The company has a market cap of $12.32 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 12-month low of $39.71 and a 12-month high of $52.13. The firm has a fifty day simple moving average of $50.69 and a 200 day simple moving average of $48.49.

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.