RFG Advisory LLC Raises Holdings in Putnam Focused Large Cap Value ETF $PVAL

RFG Advisory LLC grew its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 880,823 shares of the company’s stock after buying an additional 121,618 shares during the quarter. Putnam Focused Large Cap Value ETF makes up 0.8% of RFG Advisory LLC’s holdings, making the stock its 15th biggest holding. RFG Advisory LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $40,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PVAL. Bank of America Corp DE increased its stake in shares of Putnam Focused Large Cap Value ETF by 22.0% in the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after acquiring an additional 2,239,115 shares during the last quarter. Morgan Stanley increased its holdings in Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after purchasing an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Putnam Focused Large Cap Value ETF by 27.6% in the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after buying an additional 1,484,571 shares during the period. Cullen Frost Bankers Inc. increased its stake in Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after purchasing an additional 1,009,485 shares during the period. Finally, Glenmede Investment Management LP increased its stake in Putnam Focused Large Cap Value ETF by 15.8% during the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after buying an additional 789,767 shares during the period.

Putnam Focused Large Cap Value ETF Trading Down 0.5%

Shares of NYSEARCA PVAL opened at $51.07 on Thursday. The business’s fifty day simple moving average is $50.05 and its 200-day simple moving average is $47.99. Putnam Focused Large Cap Value ETF has a 12-month low of $39.51 and a 12-month high of $52.13. The stock has a market cap of $10.38 billion, a P/E ratio of 17.86 and a beta of 0.84.

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.