Commonwealth Equity Services LLC Purchases New Stake in Putnam Focused Large Cap Value ETF $PVAL

Commonwealth Equity Services LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the third quarter, HoldingsChannel.com reports. The firm acquired 8,524,746 shares of the company’s stock, valued at approximately $448,572,000. Putnam Focused Large Cap Value ETF makes up approximately 0.6% of Commonwealth Equity Services LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PVAL. Next Level Wealth Planning LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $34,000. Arvest Investments Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter worth $57,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 113.7% during 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 period. Signature Equity Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 1st quarter valued at about $75,000. Finally, Community Bank N.A. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter valued at about $79,000.

Putnam Focused Large Cap Value ETF Trading Down 2.9%

Shares of PVAL opened at $54.01 on Friday. Putnam Focused Large Cap Value ETF has a 12-month low of $42.76 and a 12-month high of $55.91. The firm has a 50-day moving average price of $53.84 and a 200 day moving average price of $50.83. The firm has a market capitalization of $15.31 billion, a P/E ratio of 17.86 and a beta of 0.83.

Putnam Focused Large Cap Value ETF Company 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.