GGM Financials LLC Has $2.26 Million Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

GGM Financials LLC lowered its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 85.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 59,225 shares of the company’s stock after selling 353,410 shares during the quarter. Putnam Focused Large Cap Value ETF comprises 1.5% of GGM Financials LLC’s investment portfolio, making the stock its 9th largest holding. GGM Financials LLC owned approximately 0.09% of Putnam Focused Large Cap Value ETF worth $2,255,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Putnam Focused Large Cap Value ETF by 38.2% in the fourth quarter. Bank of America Corp DE now owns 5,741,266 shares of the company’s stock valued at $213,116,000 after purchasing an additional 1,586,486 shares during the period. Cetera Investment Advisers grew its position in shares of Putnam Focused Large Cap Value ETF by 48.8% in the fourth quarter. Cetera Investment Advisers now owns 2,310,623 shares of the company’s stock valued at $85,770,000 after purchasing an additional 757,354 shares in the last quarter. Amplius Wealth Advisors LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 9.0% during the 1st quarter. Amplius Wealth Advisors LLC now owns 1,883,958 shares of the company’s stock valued at $71,741,000 after purchasing an additional 156,167 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Putnam Focused Large Cap Value ETF by 52.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,227,015 shares of the company’s stock worth $45,547,000 after purchasing an additional 424,026 shares in the last quarter. Finally, Opal Wealth Advisors LLC lifted its holdings in Putnam Focused Large Cap Value ETF by 2.2% during the 4th quarter. Opal Wealth Advisors LLC now owns 1,214,952 shares of the company’s stock worth $45,099,000 after purchasing an additional 25,687 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 1.2%

PVAL stock opened at $39.02 on Friday. The stock has a 50-day simple moving average of $37.01 and a two-hundred day simple moving average of $37.90. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $40.07. The firm has a market capitalization of $2.98 billion, a PE ratio of 19.60 and a beta of 0.89.

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.