Putnam Focused Large Cap Value ETF $PVAL Stock: Trademark Financial Management LLC Boosts Stake

Trademark Financial Management LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 288,698 shares of the company’s stock after buying an additional 14,299 shares during the quarter. Putnam Focused Large Cap Value ETF makes up approximately 6.2% of Trademark Financial Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Trademark Financial Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $15,191,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in Putnam Focused Large Cap Value ETF in the 1st quarter valued at $27,000. Arvest Investments Inc. bought a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $57,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Putnam Focused Large Cap Value ETF by 113.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock worth $72,000 after acquiring an additional 748 shares in the last quarter. Community Bank N.A. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter worth approximately $79,000. Finally, Signature Equity Partners LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the first quarter worth approximately $75,000.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock opened at $53.91 on Monday. The company has a market capitalization of $15.06 billion, a PE ratio of 17.86 and a beta of 0.84. The company has a 50 day moving average price of $53.79 and a 200-day moving average price of $51.94. Putnam Focused Large Cap Value ETF has a fifty-two week low of $42.76 and a fifty-two week high of $54.70.

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.