Valmark Advisers Inc. Purchases 182,954 Shares of Putnam Focused Large Cap Value ETF $PVAL

Valmark Advisers Inc. grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 173.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 288,428 shares of the company’s stock after purchasing an additional 182,954 shares during the period. Valmark Advisers Inc. owned approximately 0.14% of Putnam Focused Large Cap Value ETF worth $13,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP raised its position in Putnam Focused Large Cap Value ETF by 7.3% in the 4th quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after buying an additional 219 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of 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 valued at $432,000 after purchasing an additional 249 shares during the last quarter. Next Level Private LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 4.4% in the first quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock worth $278,000 after purchasing an additional 250 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of 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 purchasing an additional 300 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 1.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock worth $1,274,000 after purchasing an additional 413 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

PVAL stock traded up $0.27 during midday trading on Friday, hitting $51.82. The company’s stock had a trading volume of 1,123,483 shares, compared to its average volume of 1,602,317. Putnam Focused Large Cap Value ETF has a twelve month low of $39.71 and a twelve month high of $52.13. The company’s fifty day moving average price is $50.69 and its 200 day moving average price is $48.49. The stock has a market capitalization of $12.32 billion, a P/E ratio of 17.86 and a beta of 0.84.

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.