Macroview Investment Management LLC Raises Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Macroview Investment Management LLC grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 268.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,879 shares of the company’s stock after purchasing an additional 39,247 shares during the period. Putnam Focused Large Cap Value ETF accounts for 1.7% of Macroview Investment Management LLC’s holdings, making the stock its 18th largest position. Macroview Investment Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $2,455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PVAL. Allworth Financial LP grew its position in Putnam Focused Large Cap Value ETF by 7.3% in the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock worth $146,000 after acquiring an additional 219 shares during the period. Verdence Capital Advisors LLC grew its position in Putnam Focused Large Cap Value ETF by 2.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock worth $432,000 after acquiring an additional 249 shares during the period. Brown Advisory Inc. grew its position in Putnam Focused Large Cap Value ETF by 2.4% in the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after acquiring an additional 300 shares during the period. Tempus Wealth Planning LLC grew its position in Putnam Focused Large Cap Value ETF by 0.6% in the third quarter. Tempus Wealth Planning LLC now owns 65,336 shares of the company’s stock worth $2,791,000 after acquiring an additional 406 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in Putnam Focused Large Cap Value ETF by 1.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock worth $1,274,000 after acquiring an additional 413 shares during the period.

Putnam Focused Large Cap Value ETF Stock Down 0.7%

NYSEARCA:PVAL opened at $49.85 on Friday. The stock’s fifty day moving average is $47.72 and its two-hundred day moving average is $46.57. Putnam Focused Large Cap Value ETF has a 52 week low of $37.56 and a 52 week high of $50.36. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85.

Putnam Focused Large Cap Value ETF 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.