J.W. Cole Advisors Inc. boosted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 32.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 109,061 shares of the company’s stock after buying an additional 26,738 shares during the period. J.W. Cole Advisors Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $4,388,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in PVAL. Rothschild Investment LLC bought a new stake in Putnam Focused Large Cap Value ETF during the second quarter worth approximately $67,000. Franklin Resources Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth $94,000. Ameritas Advisory Services LLC acquired a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter worth $121,000. Rockbridge Investment Management LCC bought a new stake in Putnam Focused Large Cap Value ETF during the second quarter valued at about $211,000. Finally, JGP Wealth Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter worth about $228,000.
Putnam Focused Large Cap Value ETF Stock Performance
NYSEARCA PVAL opened at $44.46 on Thursday. The stock has a 50-day simple moving average of $43.02 and a 200 day simple moving average of $41.27. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $44.60. The stock has a market capitalization of $5.07 billion, a PE ratio of 17.86 and a beta of 0.88.
Putnam Focused Large Cap Value ETF Cuts Dividend
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.
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