Patriot Financial Group Insurance Agency LLC Takes $4.68 Million Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 128,793 shares of the company’s stock, valued at approximately $4,675,000. Putnam Focused Large Cap Value ETF comprises about 0.7% of Patriot Financial Group Insurance Agency LLC’s investment portfolio, making the stock its 26th largest holding. Patriot Financial Group Insurance Agency LLC owned approximately 0.86% of Putnam Focused Large Cap Value ETF as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in PVAL. Essex Financial Services Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $232,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter worth $272,000. Dynamic Advisor Solutions LLC acquired a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $320,000. Truist Financial Corp lifted its position in shares of 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 valued at $623,000 after acquiring an additional 11,927 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth $681,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of Putnam Focused Large Cap Value ETF stock remained flat at $37.37 on Tuesday. 175,609 shares of the stock were exchanged, compared to its average volume of 190,120. The stock has a market cap of $562.46 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. The firm’s 50 day simple moving average is $36.51 and its 200 day simple moving average is $35.48. Putnam Focused Large Cap Value ETF has a 12 month low of $27.68 and a 12 month 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.