Ballew Advisors Inc Buys 22,000 Shares of Putnam Focused Large Cap Value ETF $PVAL

Ballew Advisors Inc boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 23.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,076 shares of the company’s stock after acquiring an additional 22,000 shares during the period. Putnam Focused Large Cap Value ETF accounts for 3.0% of Ballew Advisors Inc’s investment portfolio, making the stock its 5th largest holding. Ballew Advisors Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $6,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 1st quarter valued at $27,000. MCF Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth $53,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Putnam Focused Large Cap Value ETF by 113.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock worth $72,000 after buying an additional 748 shares during the last quarter. Community Bank N.A. acquired a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at $79,000. Finally, Signature Equity Partners LLC acquired a new position in Putnam Focused Large Cap Value ETF in the first quarter valued at $75,000.

Putnam Focused Large Cap Value ETF Stock Up 0.7%

PVAL traded up $0.38 during trading on Monday, reaching $53.16. 1,220,450 shares of the stock traded hands, compared to its average volume of 1,635,503. The stock has a market capitalization of $15.17 billion, a PE ratio of 17.86 and a beta of 0.84. The stock’s 50-day moving average is $53.78 and its 200 day moving average is $51.14. Putnam Focused Large Cap Value ETF has a 12 month low of $41.58 and a 12 month high of $54.70.

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.