9,737 Shares in Putnam Focused Large Cap Value ETF $PVAL Bought by First Bank & Trust

First Bank & Trust bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the second quarter, Holdings Channel reports. The firm bought 9,737 shares of the company’s stock, valued at approximately $496,000.

Several other institutional investors have also recently bought and sold shares of the company. Essex Financial Services Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 22.2% in the first quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock worth $6,578,000 after purchasing an additional 25,732 shares during the period. Sowa Financial Group Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 4.1% during the 4th quarter. Sowa Financial Group Inc. now owns 571,015 shares of the company’s stock worth $26,021,000 after purchasing an additional 22,742 shares during the last quarter. Key Client Fiduciary Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF by 1,065.1% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 134,798 shares of the company’s stock valued at $6,143,000 after purchasing an additional 123,228 shares during the period. Trademark Financial Management LLC boosted its stake in Putnam Focused Large Cap Value ETF by 38.7% during the 4th quarter. Trademark Financial Management LLC now owns 199,606 shares of the company’s stock valued at $9,096,000 after purchasing an additional 55,677 shares during the period. Finally, Valmark Advisers Inc. boosted its stake in Putnam Focused Large Cap Value ETF by 363.8% during the 4th quarter. Valmark Advisers Inc. now owns 105,474 shares of the company’s stock valued at $4,806,000 after purchasing an additional 82,732 shares during the period.

Putnam Focused Large Cap Value ETF Stock Down 0.1%

PVAL opened at $54.45 on Wednesday. The stock’s 50 day moving average price is $52.00 and its two-hundred day moving average price is $49.52. The firm has a market capitalization of $13.74 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 12-month low of $40.61 and a 12-month high of $54.63.

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.