Heritage Trust Co Acquires New Position in Putnam Focused Large Cap Value ETF $PVAL

Heritage Trust Co acquired a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,154 shares of the company’s stock, valued at approximately $1,055,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $58,000. International Assets Investment Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $62,000. Fifth Third Bancorp acquired a new stake in Putnam Focused Large Cap Value ETF in the third quarter valued at about $63,000. Franklin Resources Inc. purchased a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at about $94,000. Finally, Signaturefd LLC purchased a new position in Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $120,000.

Putnam Focused Large Cap Value ETF Trading Up 0.5%

Shares of Putnam Focused Large Cap Value ETF stock opened at $50.85 on Wednesday. Putnam Focused Large Cap Value ETF has a 12-month low of $38.35 and a 12-month high of $50.94. The stock has a market cap of $10.34 billion, a PE ratio of 17.86 and a beta of 0.85. The company has a 50-day moving average of $48.55 and a two-hundred day moving average of $47.13.

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.