Putnam Focused Large Cap Value ETF $PVAL Shares Purchased by IFP Advisors Inc

IFP Advisors Inc boosted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,153 shares of the company’s stock after buying an additional 22,211 shares during the quarter. IFP Advisors Inc owned 0.06% of Putnam Focused Large Cap Value ETF worth $7,905,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PVAL. Baird Financial Group Inc. increased its position in shares of Putnam Focused Large Cap Value ETF by 1.7% during the second quarter. Baird Financial Group Inc. now owns 500,423 shares of the company’s stock worth $25,497,000 after acquiring an additional 8,222 shares during the period. Waverly Advisors LLC grew its stake in Putnam Focused Large Cap Value ETF by 3.1% during the 2nd quarter. Waverly Advisors LLC now owns 52,524 shares of the company’s stock worth $2,676,000 after purchasing an additional 1,580 shares in the last quarter. Corient Private Wealth LP grew its stake in Putnam Focused Large Cap Value ETF by 4.8% during the 2nd quarter. Corient Private Wealth LP now owns 1,312,998 shares of the company’s stock worth $66,897,000 after purchasing an additional 60,556 shares in the last quarter. Carlson Financial Inc. purchased a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $330,000. Finally, Ameritas Advisory Services LLC increased its holdings in Putnam Focused Large Cap Value ETF by 585.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 342,320 shares of the company’s stock worth $17,441,000 after purchasing an additional 292,413 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

PVAL stock opened at $53.67 on Thursday. The business’s 50-day moving average is $53.30 and its two-hundred day moving average is $50.44. The firm has a market capitalization of $13.54 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1 year low of $41.58 and a 1 year high of $54.70.

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.