Wealthcare Advisory Partners LLC Takes $882,000 Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Wealthcare Advisory Partners LLC bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,969 shares of the company’s stock, valued at approximately $882,000. Wealthcare Advisory Partners LLC owned approximately 0.43% of Putnam Focused Large Cap Value ETF as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Baker Tilly Wealth Management LLC purchased a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $226,000. Essex Financial Services Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at approximately $232,000. Avantax Advisory Services Inc. bought a new position in Putnam Focused Large Cap Value ETF during the 3rd quarter valued at $271,000. Truist Financial Corp grew its holdings in Putnam Focused Large Cap Value ETF by 152.4% during the 4th quarter. Truist Financial Corp now owns 19,751 shares of the company’s stock worth $623,000 after acquiring an additional 11,927 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its stake in shares of Putnam Focused Large Cap Value ETF by 192.5% in the 4th quarter. AdvisorNet Financial Inc now owns 42,893 shares of the company’s stock valued at $1,353,000 after purchasing an additional 28,227 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA:PVAL traded down $0.04 during mid-day trading on Wednesday, reaching $35.38. The stock had a trading volume of 5,462 shares, compared to its average volume of 143,945. The company has a market capitalization of $475.86 million, a price-to-earnings ratio of 15.97 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1-year low of $27.00 and a 1-year high of $35.95. The stock’s 50 day simple moving average is $34.85 and its two-hundred day simple moving average is $32.29.

About Putnam Focused Large Cap Value ETF

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.