Putnam Focused Large Cap Value ETF $PVAL Position Lifted by Midwest Capital Advisors LLC

Midwest Capital Advisors LLC lifted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 27.5% in the first quarter, HoldingsChannel reports. The firm owned 164,664 shares of the company’s stock after buying an additional 35,478 shares during the period. Putnam Focused Large Cap Value ETF makes up about 3.6% of Midwest Capital Advisors LLC’s portfolio, making the stock its 9th biggest holding. Midwest Capital Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $7,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in Putnam Focused Large Cap Value ETF during the first quarter worth about $27,000. Parkside Financial Bank & Trust purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at approximately $52,000. MCF Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $53,000. Global Retirement Partners LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $58,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $62,000.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $51.09 on Thursday. The stock has a market capitalization of $14.13 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a one year low of $39.71 and a one year high of $52.13. The business’s 50 day moving average price is $50.27 and its 200 day moving average price is $48.20.

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.