14,330 Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. raised its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 58.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,990 shares of the company’s stock after acquiring an additional 14,330 shares during the period. Richards Merrill & Peterson Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Putnam Focused Large Cap Value ETF by 48.4% in the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after purchasing an additional 11,707,304 shares in the last quarter. Cetera Investment Advisers increased its position in Putnam Focused Large Cap Value ETF by 21.6% in the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after purchasing an additional 1,483,240 shares during the last quarter. Bouchey Financial Group Ltd. purchased a new stake in Putnam Focused Large Cap Value ETF during the second quarter valued at $39,360,000. Envestnet Asset Management Inc. raised its stake in Putnam Focused Large Cap Value ETF by 16.4% during the second quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock valued at $275,167,000 after purchasing an additional 762,099 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in Putnam Focused Large Cap Value ETF by 11.4% during the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock valued at $331,959,000 after purchasing an additional 734,798 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL stock traded down $0.09 during trading on Monday, hitting $53.94. 1,041,556 shares of the company’s stock traded hands, compared to its average volume of 1,639,012. Putnam Focused Large Cap Value ETF has a 52 week low of $42.71 and a 52 week high of $54.70. The business has a fifty day simple moving average of $53.83 and a 200 day simple moving average of $51.68. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84.

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.