Bank of New York Mellon Corp Boosts Stake in Putnam Focused Large Cap Value ETF $PVAL

Bank of New York Mellon Corp grew its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 40.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,299 shares of the company’s stock after purchasing an additional 44,119 shares during the period. Bank of New York Mellon Corp’s holdings in Putnam Focused Large Cap Value ETF were worth $7,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Bank of America Corp DE increased its position in shares of Putnam Focused Large Cap Value ETF by 22.0% during the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after purchasing an additional 2,239,115 shares during the last quarter. Morgan Stanley boosted its stake in Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after buying an additional 1,906,373 shares during the period. Cetera Investment Advisers increased its position in shares of Putnam Focused Large Cap Value ETF by 27.6% during the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after acquiring an additional 1,484,571 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of 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 valued at $312,285,000 after acquiring an additional 1,009,485 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Putnam Focused Large Cap Value ETF by 4.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,124,640 shares of the company’s stock worth $233,530,000 after purchasing an additional 234,950 shares during the period.

Putnam Focused Large Cap Value ETF Trading Up 0.7%

Shares of NYSEARCA PVAL opened at $53.79 on Tuesday. The stock has a market capitalization of $13.49 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a twelve month low of $40.05 and a twelve month high of $53.88. The stock has a fifty day simple moving average of $51.56 and a 200-day simple moving average of $49.21.

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.