Cambridge Investment Research Advisors Inc. Boosts Holdings in Putnam Focused Large Cap Value ETF $PVAL

Cambridge Investment Research Advisors Inc. raised its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 42.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,571,225 shares of the company’s stock after acquiring an additional 467,121 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $71,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $62,000. Fifth Third Bancorp purchased a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $63,000. Franklin Resources Inc. purchased a new stake in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $94,000. Signaturefd LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at about $120,000. Finally, Allworth Financial LP grew its holdings in Putnam Focused Large Cap Value ETF by 7.3% in the 4th quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after buying an additional 219 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

PVAL opened at $49.85 on Friday. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85. The business has a 50-day moving average of $47.72 and a two-hundred day moving average of $46.57. Putnam Focused Large Cap Value ETF has a 12 month low of $37.56 and a 12 month high of $50.36.

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.