Nvest Financial LLC Invests $353,000 in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Nvest Financial LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,504 shares of the company’s stock, valued at approximately $353,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth about $28,000. Wealthcare Advisory Partners LLC grew its position in Putnam Focused Large Cap Value ETF by 2.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 32,068 shares of the company’s stock valued at $1,190,000 after acquiring an additional 875 shares during the last quarter. StoneX Group Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 3.2% during the third quarter. StoneX Group Inc. now owns 30,989 shares of the company’s stock worth $1,176,000 after acquiring an additional 956 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth approximately $40,000. Finally, Allworth Financial LP boosted its stake in shares of Putnam Focused Large Cap Value ETF by 79.8% in the 3rd quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock valued at $98,000 after purchasing an additional 1,145 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL stock opened at $38.77 on Wednesday. The firm has a market cap of $583.49 million, a P/E ratio of 16.48 and a beta of 0.82. The firm’s fifty day moving average is $38.30 and its 200 day moving average is $37.76. Putnam Focused Large Cap Value ETF has a 52 week low of $31.92 and a 52 week high of $40.07.

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.