Fifth Third Bancorp Raises Holdings in Putnam Focused Large Cap Value ETF $PVAL

Fifth Third Bancorp grew its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 4,070.2% in the first quarter, Holdings Channel reports. The firm owned 26,064 shares of the company’s stock after buying an additional 25,439 shares during the quarter. Fifth Third Bancorp’s holdings in Putnam Focused Large Cap Value ETF were worth $1,209,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Sovran Advisors LLC lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 2.8% during the first quarter. Sovran Advisors LLC now owns 133,080 shares of the company’s stock valued at $6,577,000 after purchasing an additional 3,616 shares in the last quarter. Simplicity Wealth LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 1st quarter worth about $688,000. Robinson Smith Wealth Advisors LLC raised its position in Putnam Focused Large Cap Value ETF by 251.8% in the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 188,877 shares of the company’s stock worth $8,764,000 after buying an additional 135,187 shares during the last quarter. ATX Financial Planning LLC raised its position in Putnam Focused Large Cap Value ETF by 226.4% in the 1st quarter. ATX Financial Planning LLC now owns 85,608 shares of the company’s stock worth $3,972,000 after buying an additional 59,378 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in Putnam Focused Large Cap Value ETF by 37.0% during the 1st quarter. Kestra Advisory Services LLC now owns 1,307,934 shares of the company’s stock valued at $60,688,000 after acquiring an additional 353,534 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.7%

PVAL opened at $52.41 on Friday. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The firm has a 50 day moving average price of $51.18 and a 200-day moving average price of $48.92. Putnam Focused Large Cap Value ETF has a twelve month low of $39.71 and a twelve month high of $52.56.

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.