Thrivent Financial for Lutherans Invests $35.20 Million in Putnam Focused Large Cap Value ETF $PVAL

Thrivent Financial for Lutherans bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 772,511 shares of the company’s stock, valued at approximately $35,203,000. Thrivent Financial for Lutherans owned approximately 0.47% of Putnam Focused Large Cap Value ETF as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PVAL. Allworth Financial LP grew its holdings in shares of 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 valued at $146,000 after purchasing an additional 219 shares during the period. Fingerlakes Wealth Management Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $213,000. Atria Investments Inc grew its holdings in shares of Putnam Focused Large Cap Value ETF by 5.7% in the fourth quarter. Atria Investments Inc now owns 228,286 shares of the company’s stock valued at $10,403,000 after purchasing an additional 12,377 shares during the period. Foundry Financial Group Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 1.4% in the fourth quarter. Foundry Financial Group Inc. now owns 164,693 shares of the company’s stock valued at $7,505,000 after purchasing an additional 2,282 shares during the period. Finally, Stonebridge Financial Group LLC MO purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $2,835,000.

Putnam Focused Large Cap Value ETF Trading Down 0.7%

Shares of PVAL opened at $49.85 on Friday. Putnam Focused Large Cap Value ETF has a 12-month low of $37.56 and a 12-month high of $50.36. The firm has a 50-day moving average price of $47.72 and a 200 day moving average price of $46.57. The firm has a market capitalization of $10.13 billion, a P/E ratio of 17.86 and a beta of 0.85.

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.