Modern Wealth Management LLC Purchases 319,556 Shares of Putnam Focused Large Cap Value ETF $PVAL

Modern Wealth Management LLC lifted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,304,807 shares of the company’s stock after purchasing an additional 319,556 shares during the period. Putnam Focused Large Cap Value ETF comprises about 1.8% of Modern Wealth Management LLC’s holdings, making the stock its 5th largest position. Modern Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $107,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. purchased a new position in Putnam Focused Large Cap Value ETF in the first quarter valued at $27,000. Parkside Financial Bank & Trust acquired a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at $52,000. MCF Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $53,000. Global Retirement Partners LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $58,000. Finally, International Assets Investment Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $62,000.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA:PVAL opened at $52.05 on Friday. Putnam Focused Large Cap Value ETF has a 1 year low of $39.71 and a 1 year high of $52.52. The stock has a market cap of $12.65 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock has a 50-day simple moving average of $51.13 and a 200-day simple moving average of $48.90.

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.