Kestra Private Wealth Services LLC Has $13.65 Million Stock Holdings in Putnam Focused Large Cap Value ETF $PVAL

Kestra Private Wealth Services LLC increased its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 74.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,122 shares of the company’s stock after buying an additional 125,210 shares during the period. Kestra Private Wealth Services LLC owned 0.15% of Putnam Focused Large Cap Value ETF worth $13,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Putnam Focused Large Cap Value ETF by 22.0% in the third 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 grew its stake in shares of Putnam Focused Large Cap Value ETF by 24.9% during the fourth 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 grew its stake in shares of Putnam Focused Large Cap Value ETF by 27.6% during the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after purchasing an additional 1,484,571 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Putnam Focused Large Cap Value ETF by 17.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after purchasing an additional 1,009,485 shares in the last quarter. Finally, Glenmede Investment Management LP increased its holdings in shares of Putnam Focused Large Cap Value ETF by 15.8% in the third quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after purchasing an additional 789,767 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

PVAL stock opened at $51.07 on Thursday. The company has a 50 day moving average price of $50.05 and a 200 day moving average price of $47.99. Putnam Focused Large Cap Value ETF has a fifty-two week low of $39.51 and a fifty-two week high of $52.13. The stock has a market capitalization of $10.38 billion, a PE 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.