Wavvest Wealth LLC Buys New Stake in Putnam Focused Large Cap Value ETF $PVAL

Wavvest Wealth LLC bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 78,503 shares of the company’s stock, valued at approximately $4,131,000. Putnam Focused Large Cap Value ETF accounts for approximately 3.2% of Wavvest Wealth LLC’s investment portfolio, making the stock its 8th largest holding.

Other large investors also recently made changes to their positions in the company. Arvest Investments Inc. bought a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $57,000. Fifth Third Securities Inc. grew its holdings in Putnam Focused Large Cap Value ETF by 34.1% in the 3rd quarter. Fifth Third Securities Inc. now owns 82,322 shares of the company’s stock valued at $4,332,000 after buying an additional 20,948 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $548,000. Integrated Advisors Network LLC increased its position in Putnam Focused Large Cap Value ETF by 4.7% during the 3rd quarter. Integrated Advisors Network LLC now owns 245,629 shares of the company’s stock worth $12,925,000 after buying an additional 11,091 shares during the period. Finally, Mayfair Advisory Group LLC increased its position in Putnam Focused Large Cap Value ETF by 4.7% during the 3rd quarter. Mayfair Advisory Group LLC now owns 19,577 shares of the company’s stock worth $1,030,000 after buying an additional 875 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $54.28 on Thursday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $42.74 and a fifty-two week high of $54.70. The company has a market capitalization of $14.99 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock has a fifty day moving average of $53.81 and a 200-day moving average of $51.84.

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.