Capital Analysts LLC reduced its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 74.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 208,893 shares of the company’s stock after selling 612,782 shares during the quarter. Capital Analysts LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $9,519,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in PVAL. MCF Advisors LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $53,000. Global Retirement Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $58,000. International Assets Investment Management LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $62,000. Fifth Third Bancorp acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $63,000. Finally, Franklin Resources Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth approximately $94,000.
Putnam Focused Large Cap Value ETF Stock Performance
Shares of PVAL stock opened at $50.70 on Wednesday. The firm’s 50 day moving average price is $49.12 and its 200-day moving average price is $47.44. Putnam Focused Large Cap Value ETF has a one year low of $38.93 and a one year high of $51.45. The firm has a market cap of $10.31 billion, a P/E 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.
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Want to see what other hedge funds are holding PVAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report).
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