Cornerstone Wealth Management LLC Sells 10,603 Shares of Putnam Focused Large Cap Value ETF $PVAL

Cornerstone Wealth Management LLC lessened its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,283 shares of the company’s stock after selling 10,603 shares during the quarter. Cornerstone Wealth Management LLC owned approximately 0.06% of Putnam Focused Large Cap Value ETF worth $9,539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PVAL. Bank of America Corp DE raised its position 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 buying an additional 11,707,304 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter worth about $448,572,000. Cetera Investment Advisers boosted its position in 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 last quarter. Glenmede Trust Co. NA boosted its position 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 worth $331,959,000 after acquiring an additional 734,798 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position 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 acquiring an additional 762,099 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.3%

Shares of NYSEARCA PVAL opened at $54.88 on Wednesday. The stock has a market cap of $15.67 billion, a PE ratio of 17.86 and a beta of 0.83. Putnam Focused Large Cap Value ETF has a 12-month low of $42.76 and a 12-month high of $55.91. The company has a 50-day moving average of $53.86 and a 200 day moving average of $50.95.

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.