Northwestern Mutual Wealth Management Co. Buys 410,945 Shares of Putnam Focused Large Cap Value ETF $PVAL

Northwestern Mutual Wealth Management Co. boosted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 9.8% during the 4th quarter, HoldingsChannel reports. The fund owned 4,603,577 shares of the company’s stock after buying an additional 410,945 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Putnam Focused Large Cap Value ETF were worth $209,785,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $58,000. International Assets Investment Management LLC bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $62,000. Fifth Third Bancorp bought a new position in Putnam Focused Large Cap Value ETF during the third quarter valued at about $63,000. Franklin Resources Inc. bought a new position in Putnam Focused Large Cap Value ETF during the second quarter valued at about $94,000. Finally, Signaturefd LLC bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $120,000.

Putnam Focused Large Cap Value ETF Stock Up 0.2%

Shares of PVAL opened at $50.62 on Friday. Putnam Focused Large Cap Value ETF has a 12-month low of $38.08 and a 12-month high of $50.70. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85. The stock’s 50-day moving average price is $48.37 and its 200 day moving average price is $47.04.

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.