Sonoma Allocations LLC Buys 26,121 Shares of Putnam Focused Large Cap Value ETF $PVAL

Sonoma Allocations LLC grew its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 100.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,168 shares of the company’s stock after acquiring an additional 26,121 shares during the period. Putnam Focused Large Cap Value ETF accounts for 1.0% of Sonoma Allocations LLC’s holdings, making the stock its 23rd largest position. Sonoma Allocations LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $2,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Putnam Focused Large Cap Value ETF by 14.7% in the first quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock valued at $2,798,000 after buying an additional 9,442 shares during the period. Jane Street Group LLC bought a new position in Putnam Focused Large Cap Value ETF during the 1st quarter worth $2,380,000. JPMorgan Chase & Co. increased its stake in Putnam Focused Large Cap Value ETF by 124.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock worth $1,121,000 after acquiring an additional 15,435 shares during the period. Franklin Resources Inc. bought a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter worth $94,000. Finally, Brown Advisory Inc. raised its holdings in Putnam Focused Large Cap Value ETF by 2.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after acquiring an additional 300 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA:PVAL opened at $54.26 on Friday. The stock has a fifty day moving average price of $51.85 and a 200-day moving average price of $49.39. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a fifty-two week low of $40.27 and a fifty-two week high of $54.47.

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.