IAG Wealth Partners LLC Acquires 433,045 Shares of Putnam Focused Large Cap Value ETF $PVAL

IAG Wealth Partners LLC lifted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 340,980.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 433,172 shares of the company’s stock after purchasing an additional 433,045 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for approximately 2.2% of IAG Wealth Partners LLC’s holdings, making the stock its 19th largest position. IAG Wealth Partners LLC owned approximately 0.15% of Putnam Focused Large Cap Value ETF worth $22,794,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in 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 worth $1,666,439,000 after purchasing an additional 11,707,304 shares during the period. Commonwealth Equity Services LLC bought a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $448,572,000. Cetera Investment Advisers increased its stake in Putnam Focused Large Cap Value ETF by 21.6% during the 1st quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after buying an additional 1,483,240 shares during the period. Bouchey Financial Group Ltd. acquired a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter valued at about $39,360,000. Finally, Envestnet Asset Management Inc. increased its stake in Putnam Focused Large Cap Value ETF by 16.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock valued at $275,167,000 after buying an additional 762,099 shares during the period.

Putnam Focused Large Cap Value ETF Trading Down 0.2%

PVAL stock opened at $55.09 on Friday. Putnam Focused Large Cap Value ETF has a 52 week low of $42.76 and a 52 week high of $55.91. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 21.14 and a beta of 0.83. The firm’s 50-day moving average is $53.91 and its two-hundred day moving average is $51.04.

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.