Private Advisor Group LLC Purchases 28,784 Shares of Putnam Focused Large Cap Value ETF $PVAL

Private Advisor Group LLC boosted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 265.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,644 shares of the company’s stock after buying an additional 28,784 shares during the period. Private Advisor Group LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,839,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PVAL. Blue Trust Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $27,000. Parkside Financial Bank & Trust purchased a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at $52,000. MCF Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter worth $53,000. Global Retirement Partners LLC bought a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter worth $58,000. Finally, International Assets Investment Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter valued at $62,000.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL stock traded up $0.27 during trading on Friday, hitting $51.82. 1,123,483 shares of the company’s stock traded hands, compared to its average volume of 1,602,317. Putnam Focused Large Cap Value ETF has a 52 week low of $39.71 and a 52 week high of $52.13. The business has a fifty day simple moving average of $50.69 and a 200 day simple moving average of $48.49. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84.

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.