Frontier Asset Management LLC Increases Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Frontier Asset Management LLC grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,736 shares of the company’s stock after purchasing an additional 16,537 shares during the period. Putnam Focused Large Cap Value ETF comprises about 2.9% of Frontier Asset Management LLC’s portfolio, making the stock its 11th largest position. Frontier Asset Management LLC owned about 0.17% of Putnam Focused Large Cap Value ETF worth $12,337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $62,000. Fifth Third Bancorp purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at about $63,000. Franklin Resources Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at about $94,000. Signaturefd LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $120,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at about $123,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $49.33 on Friday. The firm has a 50-day moving average of $47.55 and a 200-day moving average of $46.32. The company has a market cap of $10.03 billion, a P/E ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a one year low of $37.35 and a one year high of $49.71.

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.