Key Client Fiduciary Advisors LLC Acquires New Stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Key Client Fiduciary Advisors LLC bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 8,970 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF by 20.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 216,214 shares of the company’s stock worth $8,026,000 after acquiring an additional 37,082 shares during the period. Sowa Financial Group Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 40.4% in the 4th quarter. Sowa Financial Group Inc. now owns 458,420 shares of the company’s stock worth $17,017,000 after purchasing an additional 131,938 shares during the period. Amplius Wealth Advisors LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 10.3% in the 4th quarter. Amplius Wealth Advisors LLC now owns 1,727,791 shares of the company’s stock valued at $64,136,000 after purchasing an additional 161,154 shares during the last quarter. Sax Wealth Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth $3,291,000. Finally, Brand Asset Management Group Inc. raised its stake in Putnam Focused Large Cap Value ETF by 44.1% during the fourth quarter. Brand Asset Management Group Inc. now owns 14,574 shares of the company’s stock worth $541,000 after buying an additional 4,457 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.8 %

PVAL stock opened at $39.05 on Friday. The company’s fifty day simple moving average is $38.29 and its 200 day simple moving average is $37.69. Putnam Focused Large Cap Value ETF has a 12-month low of $31.59 and a 12-month high of $40.07. The firm has a market cap of $587.70 million, a price-to-earnings ratio of 16.48 and a beta of 0.82.

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.