Ameritas Advisory Services LLC Has $1.03 Million Stake in Putnam Focused Large Cap Value ETF $PVAL

Ameritas Advisory Services LLC boosted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 112.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,620 shares of the company’s stock after purchasing an additional 11,961 shares during the period. Ameritas Advisory Services LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,031,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PVAL. Cullen Frost Bankers Inc. grew its stake in Putnam Focused Large Cap Value ETF by 135.4% during the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after buying an additional 3,360,792 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 266.3% in the third quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock worth $167,333,000 after acquiring an additional 2,847,566 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 22.0% in the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after acquiring an additional 2,239,115 shares during the last quarter. Auctus Advisors LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth about $43,589,000. Finally, Glenmede Investment Management LP lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 15.8% in the third quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after acquiring an additional 789,767 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.7%

PVAL stock opened at $49.85 on Friday. The stock has a market capitalization of $10.13 billion, a P/E ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a 12 month low of $37.56 and a 12 month high of $50.36. The firm has a 50-day moving average price of $47.72 and a 200-day moving average price of $46.57.

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.