Indivisible Partners Purchases New Shares in Putnam Focused Large Cap Value ETF $PVAL

Indivisible Partners acquired a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 80,298 shares of the company’s stock, valued at approximately $3,659,000.

A number of other hedge funds have also bought and sold shares of the company. Verdence Capital Advisors LLC increased its position in Putnam Focused Large Cap Value ETF by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock valued at $432,000 after acquiring an additional 249 shares during the last quarter. Brown Advisory Inc. increased its position in Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after acquiring an additional 300 shares during the last quarter. Tempus Wealth Planning LLC increased its position in Putnam Focused Large Cap Value ETF by 0.6% during the third quarter. Tempus Wealth Planning LLC now owns 65,336 shares of the company’s stock valued at $2,791,000 after acquiring an additional 406 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 1.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock worth $1,274,000 after purchasing an additional 413 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 10.6% in the fourth quarter. Farther Finance Advisors LLC now owns 8,536 shares of the company’s stock worth $389,000 after purchasing an additional 817 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.9%

NYSEARCA PVAL opened at $49.43 on Wednesday. The company’s 50-day moving average price is $47.50 and its 200-day moving average price is $46.22. The stock has a market cap of $10.05 billion, a PE ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a 12 month low of $37.11 and a 12 month high of $49.63.

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.