Putnam Focused Large Cap Value ETF $PVAL Stock Position Increased by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 207,660 shares of the company’s stock after purchasing an additional 10,312 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 6.7% of Robinson Smith Wealth Advisors LLC’s holdings, making the stock its 2nd largest holding. Robinson Smith Wealth Advisors LLC owned 0.08% of Putnam Focused Large Cap Value ETF worth $10,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Essex Financial Services Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 22.2% during the 1st quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock worth $6,578,000 after acquiring an additional 25,732 shares in the last quarter. Key Client Fiduciary Advisors LLC boosted its position in shares of Putnam Focused Large Cap Value ETF by 19.6% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 247,817 shares of the company’s stock valued at $12,626,000 after acquiring an additional 40,683 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 9.2% in the second quarter. Capital Analysts LLC now owns 1,190,333 shares of the company’s stock valued at $60,647,000 after purchasing an additional 99,997 shares in the last quarter. First United Bank & Trust purchased a new position in shares of Putnam Focused Large Cap Value ETF in the first quarter valued at $1,197,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Putnam Focused Large Cap Value ETF by 70.8% in the first quarter. Quantinno Capital Management LP now owns 22,777 shares of the company’s stock valued at $1,057,000 after purchasing an additional 9,445 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL opened at $54.20 on Friday. The company’s fifty day moving average is $53.80 and its 200 day moving average is $51.89. Putnam Focused Large Cap Value ETF has a fifty-two week low of $42.76 and a fifty-two week high of $54.70. The stock has a market capitalization of $15.10 billion, a PE ratio of 17.86 and a beta of 0.84.

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.