Putnam Focused Large Cap Value ETF $PVAL Position Lifted by IFP Advisors Inc

IFP Advisors Inc raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 73.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 268,688 shares of the company’s stock after purchasing an additional 113,535 shares during the period. IFP Advisors Inc owned approximately 0.10% of Putnam Focused Large Cap Value ETF worth $14,138,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PVAL. Encompass More Asset Management raised its holdings in Putnam Focused Large Cap Value ETF by 67.5% in the third quarter. Encompass More Asset Management now owns 7,836 shares of the company’s stock worth $412,000 after purchasing an additional 3,159 shares during the period. Processus Wealth & Capital Management LLC boosted its position in shares of Putnam Focused Large Cap Value ETF by 2.3% during the third quarter. Processus Wealth & Capital Management LLC now owns 14,824 shares of the company’s stock worth $780,000 after purchasing an additional 338 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Putnam Focused Large Cap Value ETF by 16.1% during the third quarter. AdvisorNet Financial Inc now owns 725,630 shares of the company’s stock worth $39,148,000 after purchasing an additional 100,458 shares in the last quarter. Harbor Group Inc. boosted its position in shares of Putnam Focused Large Cap Value ETF by 2.0% during the third quarter. Harbor Group Inc. now owns 894,128 shares of the company’s stock worth $47,049,000 after purchasing an additional 17,790 shares in the last quarter. Finally, Weil Company Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 3.8% in the 3rd quarter. Weil Company Inc. now owns 258,040 shares of the company’s stock valued at $13,578,000 after buying an additional 9,476 shares during the period.

Putnam Focused Large Cap Value ETF Stock Down 0.3%

Shares of PVAL stock opened at $54.02 on Friday. Putnam Focused Large Cap Value ETF has a 12-month low of $42.27 and a 12-month high of $54.70. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The firm has a fifty day moving average of $53.83 and a 200-day moving average of $51.64.

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.