Putnam Focused Large Cap Value ETF $PVAL Stock: MGO One Seven LLC Cuts Position

MGO One Seven LLC lessened its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 204,574 shares of the company’s stock after selling 9,475 shares during the period. MGO One Seven LLC owned approximately 0.07% of Putnam Focused Large Cap Value ETF worth $10,765,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PVAL. Bank of America Corp DE boosted 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 acquiring an additional 11,707,304 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Putnam Focused Large Cap Value ETF by 21.6% during the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after acquiring an additional 1,483,240 shares during the period. Glenmede Trust Co. NA increased its stake in shares of 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 worth $331,959,000 after acquiring an additional 734,798 shares during the period. Envestnet Asset Management Inc. raised its holdings 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 worth $275,167,000 after purchasing an additional 762,099 shares in the last quarter. Finally, Modern Wealth Management LLC raised its holdings in Putnam Focused Large Cap Value ETF by 16.1% during the first quarter. Modern Wealth Management LLC now owns 2,304,807 shares of the company’s stock worth $107,335,000 after purchasing an additional 319,556 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Down 0.2%

Shares of NYSEARCA:PVAL opened at $54.72 on Friday. The company has a market cap of $15.41 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 52 week low of $42.76 and a 52 week high of $54.85. The company has a 50-day moving average price of $53.82 and a 200 day moving average price of $50.68.

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.