Kingsview Wealth Management LLC Takes Position in Putnam Focused Large Cap Value ETF $PVAL

Kingsview Wealth Management LLC bought a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,514 shares of the company’s stock, valued at approximately $1,117,000.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth $58,000. International Assets Investment Management LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth $62,000. Fifth Third Bancorp acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth $63,000. Franklin Resources Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth $94,000. Finally, Signaturefd LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth $120,000.

Putnam Focused Large Cap Value ETF Stock Down 0.0%

Shares of NYSEARCA PVAL opened at $50.58 on Tuesday. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85. The stock’s fifty day simple moving average is $48.55 and its 200 day simple moving average is $47.13. Putnam Focused Large Cap Value ETF has a 52-week low of $38.08 and a 52-week high of $50.70.

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.