PNC Financial Services Group Inc. Boosts Holdings in Putnam Focused Large Cap Value ETF $PVAL

PNC Financial Services Group Inc. increased its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 13.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,997 shares of the company’s stock after purchasing an additional 27,318 shares during the period. PNC Financial Services Group Inc. owned approximately 0.11% of Putnam Focused Large Cap Value ETF worth $10,718,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Essex Financial Services Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 22.2% during the first quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock valued at $6,578,000 after buying an additional 25,732 shares during the last quarter. Diversify Advisory Services LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 40.4% during the fourth quarter. Diversify Advisory Services LLC now owns 170,008 shares of the company’s stock valued at $7,990,000 after acquiring an additional 48,948 shares in the last quarter. Aspire Capital Advisors LLC purchased a new position in Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $596,000. Sowa Financial Group Inc. raised its holdings in Putnam Focused Large Cap Value ETF by 4.1% in the 4th quarter. Sowa Financial Group Inc. now owns 571,015 shares of the company’s stock worth $26,021,000 after acquiring an additional 22,742 shares during the last quarter. Finally, Auctus Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF in the 4th quarter valued at approximately $43,589,000.

Putnam Focused Large Cap Value ETF Trading Up 0.7%

PVAL stock opened at $52.41 on Friday. The stock’s 50 day simple moving average is $51.18 and its 200 day simple moving average is $48.92. Putnam Focused Large Cap Value ETF has a 12-month low of $39.71 and a 12-month high of $52.56. The stock has a market capitalization of $12.74 billion, a PE ratio of 17.86 and a beta of 0.84.

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.