Geneos Wealth Management Inc. Acquires 23,856 Shares of Putnam Focused Large Cap Value ETF $PVAL

Geneos Wealth Management Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 850,637 shares of the company’s stock after buying an additional 23,856 shares during the period. Putnam Focused Large Cap Value ETF comprises 0.9% of Geneos Wealth Management Inc.’s portfolio, making the stock its 12th largest holding. Geneos Wealth Management Inc. owned 0.42% of Putnam Focused Large Cap Value ETF worth $39,470,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PVAL. Allworth Financial LP grew its position in shares of Putnam Focused Large Cap Value ETF by 7.3% during the 4th quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after acquiring an additional 219 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock worth $432,000 after purchasing an additional 249 shares in the last quarter. Next Level Private LLC raised its holdings in Putnam Focused Large Cap Value ETF by 4.4% in the 1st quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock worth $278,000 after purchasing an additional 250 shares during the period. Brown Advisory Inc. raised its holdings in Putnam Focused Large Cap Value ETF by 2.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in Putnam Focused Large Cap Value ETF by 1.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock valued at $1,274,000 after purchasing an additional 413 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA:PVAL opened at $51.86 on Thursday. The stock has a 50-day simple moving average of $50.83 and a two-hundred day simple moving average of $48.63. Putnam Focused Large Cap Value ETF has a 52-week low of $39.71 and a 52-week high of $52.16. The firm has a market capitalization of $12.41 billion, a PE ratio of 17.86 and a beta of 0.84.

Putnam Focused Large Cap Value ETF 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.