Putnam Focused Large Cap Value ETF $PVAL Shares Sold by Provident Wealth Management LLC

Provident Wealth Management LLC decreased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 24.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,107 shares of the company’s stock after selling 11,893 shares during the period. Putnam Focused Large Cap Value ETF makes up about 0.7% of Provident Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position. Provident Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,953,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PVAL. Blue Trust Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 113.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock worth $72,000 after acquiring an additional 748 shares during the last quarter. Community Bank N.A. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth about $79,000. Signature Equity Partners LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 1st quarter worth about $75,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 44.4% during the 1st quarter. International Assets Investment Management LLC now owns 1,950 shares of the company’s stock worth $91,000 after purchasing an additional 600 shares during the period.

Putnam Focused Large Cap Value ETF Trading Up 0.6%

PVAL stock opened at $54.16 on Wednesday. Putnam Focused Large Cap Value ETF has a 12 month low of $42.74 and a 12 month high of $54.70. The company has a 50-day moving average price of $53.81 and a 200 day moving average price of $51.79. The stock has a market cap of $14.96 billion, a PE 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.