Fort Washington Investment Advisors Inc. OH Invests $11.07 Million in Putnam Focused Large Cap Value ETF $PVAL

Fort Washington Investment Advisors Inc. OH bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 238,567 shares of the company’s stock, valued at approximately $11,070,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PVAL. Royal Bank of Canada boosted its position in Putnam Focused Large Cap Value ETF by 14.7% during the first quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after acquiring an additional 9,442 shares during the last quarter. Jane Street Group LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 1st quarter valued at about $2,380,000. JPMorgan Chase & Co. lifted its stake in Putnam Focused Large Cap Value ETF by 124.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock worth $1,121,000 after purchasing an additional 15,435 shares in the last quarter. Franklin Resources Inc. purchased a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter worth approximately $94,000. Finally, Brown Advisory Inc. boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 2.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $50.95 on Monday. The stock’s 50 day simple moving average is $50.15 and its 200-day simple moving average is $48.08. The stock has a market cap of $10.36 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1-year low of $39.71 and a 1-year high of $52.13.

Putnam Focused Large Cap Value ETF Company 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.