WealthCare Investment Partners LLC Sells 780 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

WealthCare Investment Partners LLC trimmed its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,679 shares of the company’s stock after selling 780 shares during the quarter. WealthCare Investment Partners LLC owned 0.29% of Putnam Focused Large Cap Value ETF worth $1,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the first quarter worth $37,764,000. Cetera Investment Advisers grew its stake in shares of Putnam Focused Large Cap Value ETF by 636.3% during the first quarter. Cetera Investment Advisers now owns 689,454 shares of the company’s stock worth $24,634,000 after buying an additional 595,811 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth $7,899,000. Provident Wealth Management LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth $5,870,000. Finally, ERn Financial LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth $4,315,000.

Putnam Focused Large Cap Value ETF Stock Up 0.3 %

Shares of NYSEARCA PVAL traded up $0.11 during midday trading on Friday, reaching $36.75. 199,776 shares of the company were exchanged, compared to its average volume of 191,519. The stock’s 50-day moving average price is $36.39 and its 200-day moving average price is $35.26. The stock has a market cap of $553.09 million, a P/E ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a one year low of $27.68 and a one year high of $37.66.

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.