Coign Capital Advisors LLC Acquires New Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Coign Capital Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the fourth quarter, Holdings Channel reports. The fund acquired 147,468 shares of the company’s stock, valued at approximately $5,474,000. Putnam Focused Large Cap Value ETF makes up about 5.0% of Coign Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest position.

Several other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 35.0% in the third quarter. HighTower Advisors LLC now owns 70,845 shares of the company’s stock worth $2,682,000 after acquiring an additional 18,373 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 980.0% in the third quarter. MML Investors Services LLC now owns 72,147 shares of the company’s stock worth $2,737,000 after acquiring an additional 65,467 shares during the period. Fulcrum Equity Management purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at about $248,000. Sanctuary Advisors LLC raised its position in Putnam Focused Large Cap Value ETF by 2,963.3% in the third quarter. Sanctuary Advisors LLC now owns 369,834 shares of the company’s stock worth $14,638,000 after acquiring an additional 357,761 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter worth $406,000.

Putnam Focused Large Cap Value ETF Trading Down 3.0 %

Putnam Focused Large Cap Value ETF stock opened at $34.92 on Friday. Putnam Focused Large Cap Value ETF has a 12-month low of $32.83 and a 12-month high of $40.07. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 20.00 and a beta of 0.90. The firm has a 50 day moving average of $37.84 and a 200 day moving average of $38.16.

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.