Putnam Focused Large Cap Value ETF $PVAL is Harbor Group Inc.’s 6th Largest Position

Harbor Group Inc. boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 848,271 shares of the company’s stock after acquiring an additional 21,789 shares during the period. Putnam Focused Large Cap Value ETF accounts for approximately 5.8% of Harbor Group Inc.’s holdings, making the stock its 6th biggest holding. Harbor Group Inc. owned 0.58% of Putnam Focused Large Cap Value ETF worth $38,656,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. M&T Bank Corp bought a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at approximately $3,900,000. Prostatis Group LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $3,727,000. Cullen Frost Bankers Inc. lifted its position in Putnam Focused Large Cap Value ETF by 135.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after acquiring an additional 3,360,792 shares during the period. Glenmede Investment Management LP lifted its position in Putnam Focused Large Cap Value ETF by 15.8% during the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after acquiring an additional 789,767 shares during the period. Finally, Trademark Financial Management LLC boosted its stake in Putnam Focused Large Cap Value ETF by 429.2% during the third quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock worth $6,149,000 after acquiring an additional 116,730 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL opened at $46.05 on Tuesday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $49.13. The firm’s 50-day simple moving average is $47.47 and its two-hundred day simple moving average is $45.12. The stock has a market cap of $7.56 billion, a PE ratio of 17.86 and a beta of 0.88.

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.