Diversify Wealth Management LLC Acquires New Stake in Putnam Focused Large Cap Value ETF $PVAL

Diversify Wealth Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 183,588 shares of the company’s stock, valued at approximately $8,910,000. Diversify Wealth Management LLC owned approximately 0.09% of Putnam Focused Large Cap Value ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Essex Financial Services Inc. lifted its holdings 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 valued at $6,578,000 after buying an additional 25,732 shares during the period. Aspire Capital Advisors LLC acquired a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $596,000. Diversify Advisory Services LLC grew its holdings in Putnam Focused Large Cap Value ETF by 40.4% during the fourth quarter. Diversify Advisory Services LLC now owns 170,008 shares of the company’s stock worth $7,990,000 after acquiring an additional 48,948 shares during the period. Sowa Financial Group Inc. grew its holdings in Putnam Focused Large Cap Value ETF by 4.1% during the fourth quarter. Sowa Financial Group Inc. now owns 571,015 shares of the company’s stock worth $26,021,000 after acquiring an additional 22,742 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Putnam Focused Large Cap Value ETF by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,013,832 shares of the company’s stock worth $47,457,000 after acquiring an additional 18,241 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of NYSEARCA PVAL opened at $51.82 on Monday. Putnam Focused Large Cap Value ETF has a twelve month low of $39.71 and a twelve month high of $52.13. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The firm has a 50-day moving average of $50.69 and a two-hundred day moving average of $48.51.

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.