Continuum Advisory LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 196.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,876 shares of the company’s stock after purchasing an additional 27,085 shares during the period. Continuum Advisory LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,897,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in PVAL. Blue Trust Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 1st quarter valued at $27,000. Parkside Financial Bank & Trust bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth $52,000. MCF Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth $53,000. Global Retirement Partners LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter worth $58,000. Finally, International Assets Investment Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter worth $62,000.
Putnam Focused Large Cap Value ETF Stock Performance
Shares of NYSEARCA PVAL opened at $50.95 on Monday. The firm’s 50-day moving average price is $50.15 and its 200-day moving average price is $48.08. Putnam Focused Large Cap Value ETF has a 1-year low of $39.71 and a 1-year high of $52.13. The firm has a market capitalization of $10.36 billion, a P/E ratio of 17.86 and a beta of 0.84.
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.
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