Redhawk Wealth Advisors Inc. Acquires 11,020 Shares of Putnam Focused Large Cap Value ETF $PVAL

Redhawk Wealth Advisors Inc. raised its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 386,316 shares of the company’s stock after buying an additional 11,020 shares during the period. Putnam Focused Large Cap Value ETF makes up approximately 1.9% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 9th largest position. Redhawk Wealth Advisors Inc. owned 0.16% of Putnam Focused Large Cap Value ETF worth $19,683,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of Putnam Focused Large Cap Value ETF by 7.3% in the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after acquiring an additional 219 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Putnam Focused Large Cap Value ETF by 2.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock worth $432,000 after purchasing an additional 249 shares in the last quarter. Next Level Private LLC grew its stake in Putnam Focused Large Cap Value ETF by 4.4% during the 1st 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. increased its holdings in Putnam Focused Large Cap Value ETF by 2.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the period. Finally, Advisor OS LLC increased its holdings in Putnam Focused Large Cap Value ETF by 2.8% during the 4th quarter. Advisor OS LLC now owns 16,093 shares of the company’s stock worth $733,000 after purchasing an additional 435 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

PVAL stock opened at $54.52 on Tuesday. The business’s 50-day moving average is $51.93 and its two-hundred day moving average is $49.47. The firm has a market capitalization of $13.76 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1 year low of $40.40 and a 1 year high of $54.63.

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.