Waverly Advisors LLC Purchases 11,270 Shares of Putnam Focused Large Cap Value ETF $PVAL

Waverly Advisors LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 28.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,944 shares of the company’s stock after purchasing an additional 11,270 shares during the quarter. Waverly Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $2,364,000 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. Bank of America Corp DE raised its position in shares of Putnam Focused Large Cap Value ETF by 22.0% in the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after purchasing an additional 2,239,115 shares during the period. Morgan Stanley lifted its stake in shares of Putnam Focused Large Cap Value ETF by 24.9% during the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after buying an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Putnam Focused Large Cap Value ETF by 27.6% in the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after buying an additional 1,484,571 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in Putnam Focused Large Cap Value ETF by 17.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after buying an additional 1,009,485 shares during the period. Finally, Bleakley Financial Group LLC purchased a new position in Putnam Focused Large Cap Value ETF in the 4th quarter valued at approximately $35,501,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $53.38 on Friday. The company’s fifty day simple moving average is $51.43 and its two-hundred day simple moving average is $49.11. Putnam Focused Large Cap Value ETF has a 1 year low of $39.71 and a 1 year high of $53.50. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84.

Putnam Focused Large Cap Value ETF 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.