StoneCrest Wealth Management Inc. Purchases 17,700 Shares of Putnam Focused Large Cap Value ETF $PVAL

StoneCrest Wealth Management Inc. lifted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 203,474 shares of the company’s stock after acquiring an additional 17,700 shares during the quarter. Putnam Focused Large Cap Value ETF comprises about 3.7% of StoneCrest Wealth Management Inc.’s investment portfolio, making the stock its 6th largest position. StoneCrest Wealth Management Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $9,272,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE raised its position in Putnam Focused Large Cap Value ETF by 22.0% during the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after buying an additional 2,239,115 shares during the period. Cullen Frost Bankers Inc. boosted 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 worth $249,629,000 after acquiring an additional 3,360,792 shares during the period. Glenmede Investment Management LP boosted 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 worth $247,224,000 after acquiring an additional 789,767 shares during the period. Commonwealth Equity Services LLC grew its stake in Putnam Focused Large Cap Value ETF by 12.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,889,690 shares of the company’s stock valued at $208,888,000 after acquiring an additional 533,046 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Putnam Focused Large Cap Value ETF by 4.5% in the 3rd quarter. UBS Group AG now owns 4,629,186 shares of the company’s stock valued at $197,759,000 after purchasing an additional 200,317 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $46.63 on Friday. The company has a 50 day simple moving average of $47.38 and a 200-day simple moving average of $45.31. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $49.13.

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.