Putnam Focused Large Cap Value ETF $PVAL Stock Position Cut by WESPAC Advisors LLC

WESPAC Advisors LLC decreased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 60.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,089 shares of the company’s stock after selling 28,700 shares during the period. WESPAC Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,004,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Blue Trust Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 1st quarter valued at $27,000. Arvest Investments Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $57,000. Thurston Springer Miller Herd & Titak Inc. grew its position 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 valued at $72,000 after acquiring an additional 748 shares during the last quarter. Signature Equity Partners LLC bought a new position in Putnam Focused Large Cap Value ETF in the 1st quarter worth about $75,000. Finally, Community Bank N.A. bought a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth $79,000.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA:PVAL opened at $54.17 on Tuesday. The firm has a market cap of $15.13 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a one year low of $42.76 and a one year high of $54.70. The firm has a 50-day simple moving average of $53.80 and a 200-day simple moving average of $50.48.

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.