Able Wealth Management LLC Buys 20,771 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Able Wealth Management LLC increased its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 35.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,233 shares of the company’s stock after acquiring an additional 20,771 shares during the period. Putnam Focused Large Cap Value ETF comprises approximately 1.9% of Able Wealth Management LLC’s portfolio, making the stock its 13th largest position. Able Wealth Management LLC owned about 0.53% of Putnam Focused Large Cap Value ETF worth $2,941,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $28,000. Allworth Financial LP grew its holdings in shares of Putnam Focused Large Cap Value ETF by 79.8% during the 3rd quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock valued at $98,000 after purchasing an additional 1,145 shares during the last quarter. Verdence Capital Advisors LLC purchased a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter worth $205,000. Cozad Asset Management Inc. purchased a new stake in Putnam Focused Large Cap Value ETF during the third quarter valued at about $208,000. Finally, Fulcrum Equity Management bought a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter valued at about $248,000.

Putnam Focused Large Cap Value ETF Stock Up 0.4 %

Shares of NYSEARCA PVAL opened at $39.59 on Thursday. The company has a market cap of $595.83 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. The firm’s fifty day moving average is $38.19 and its 200 day moving average is $37.99. Putnam Focused Large Cap Value ETF has a 52 week low of $32.41 and a 52 week high of $40.07.

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.