Prudential PLC Invests $8.90 Million in Putnam Focused Large Cap Value ETF $PVAL

Prudential PLC acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 195,200 shares of the company’s stock, valued at approximately $8,895,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PVAL. Global Retirement Partners LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth about $58,000. International Assets Investment Management LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth about $62,000. Fifth Third Bancorp acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter worth about $63,000. Franklin Resources Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $94,000. Finally, Signaturefd LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth about $120,000.

Putnam Focused Large Cap Value ETF Trading Down 1.6%

Shares of NYSEARCA:PVAL opened at $50.53 on Friday. The business has a 50-day moving average price of $48.92 and a 200 day moving average price of $47.30. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 12-month low of $38.81 and a 12-month high of $51.45.

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.