Sumitomo Mitsui Trust Group Inc. Purchases 26,944 Shares of Putnam Focused Large Cap Value ETF $PVAL

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 21.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,096 shares of the company’s stock after buying an additional 26,944 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.06% of Putnam Focused Large Cap Value ETF worth $8,161,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Processus Wealth & Capital Management LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 2.3% during the third quarter. Processus Wealth & Capital Management LLC now owns 14,824 shares of the company’s stock valued at $780,000 after acquiring an additional 338 shares during the last quarter. Marin Bay Wealth Advisors LLC increased its holdings in Putnam Focused Large Cap Value ETF by 4.1% during the 3rd quarter. Marin Bay Wealth Advisors LLC now owns 8,819 shares of the company’s stock valued at $464,000 after purchasing an additional 345 shares during the period. NewEdge Advisors LLC increased its holdings in Putnam Focused Large Cap Value ETF by 6.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,205 shares of the company’s stock valued at $418,000 after purchasing an additional 494 shares during the period. International Assets Investment Management LLC raised its position in Putnam Focused Large Cap Value ETF by 44.4% during the 1st quarter. International Assets Investment Management LLC now owns 1,950 shares of the company’s stock valued at $91,000 after purchasing an additional 600 shares during the last quarter. Finally, Elevation Wealth Management LLC raised its position in Putnam Focused Large Cap Value ETF by 7.2% during the 2nd quarter. Elevation Wealth Management LLC now owns 9,770 shares of the company’s stock valued at $498,000 after purchasing an additional 655 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.3%

NYSEARCA PVAL traded down $0.18 on Friday, hitting $53.83. The company’s stock had a trading volume of 2,423,782 shares, compared to its average volume of 1,694,632. Putnam Focused Large Cap Value ETF has a 52-week low of $42.76 and a 52-week high of $55.91. The company’s 50-day simple moving average is $53.83 and its 200 day simple moving average is $50.87. The firm has a market cap of $15.31 billion, a P/E ratio of 17.86 and a beta of 0.83.

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.