Independent Financial Group LLC Takes Position in Putnam Focused Large Cap Value ETF $PVAL

Independent Financial Group LLC acquired a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,943 shares of the company’s stock, valued at approximately $1,389,000.

Several other institutional investors also recently modified their holdings of PVAL. Blue Trust Inc. acquired a new stake in Putnam Focused Large Cap Value ETF during the first quarter valued at approximately $27,000. Parkside Financial Bank & Trust bought 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 position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $53,000. Global Retirement Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $58,000. Finally, International Assets Investment Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $62,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $51.95 on Monday. The stock’s fifty day simple moving average is $50.94 and its 200 day simple moving average is $48.72. The firm has a market cap of $12.47 billion, a price-to-earnings 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 $52.31.

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.