Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Shares Acquired by Cannon Wealth Management Services LLC

Cannon Wealth Management Services LLC grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 93.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,670 shares of the company’s stock after acquiring an additional 67,502 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 4.6% of Cannon Wealth Management Services LLC’s portfolio, making the stock its 5th biggest position. Cannon Wealth Management Services LLC owned approximately 0.93% of Putnam Focused Large Cap Value ETF worth $5,390,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $28,000. Allworth Financial LP raised its stake in shares of Putnam Focused Large Cap Value ETF by 79.8% during the third quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock worth $98,000 after purchasing an additional 1,145 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth approximately $205,000. Cozad Asset Management Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth approximately $208,000. Finally, Fulcrum Equity Management purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth approximately $248,000.

Putnam Focused Large Cap Value ETF Price Performance

Putnam Focused Large Cap Value ETF stock opened at $38.66 on Monday. Putnam Focused Large Cap Value ETF has a 12 month low of $32.90 and a 12 month high of $40.07. The business has a 50 day simple moving average of $38.22 and a 200-day simple moving average of $38.04. The stock has a market capitalization of $2.11 billion, a PE ratio of 20.51 and a beta of 0.90.

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.