Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Stock Position Boosted by Sowa Financial Group Inc.

Sowa Financial Group Inc. increased its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 40.4% in the fourth quarter, Holdings Channel reports. The firm owned 458,420 shares of the company’s stock after acquiring an additional 131,938 shares during the period. Putnam Focused Large Cap Value ETF makes up 10.7% of Sowa Financial Group Inc.’s portfolio, making the stock its 4th biggest position. Sowa Financial Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $17,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter worth $61,000,000. Glenmede Trust Co. NA increased its stake in Putnam Focused Large Cap Value ETF by 29.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,039,113 shares of the company’s stock worth $77,364,000 after buying an additional 464,165 shares during the period. Sanctuary Advisors LLC lifted its holdings in Putnam Focused Large Cap Value ETF by 2,963.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 369,834 shares of the company’s stock worth $14,638,000 after buying an additional 357,761 shares in the last quarter. Cetera Investment Advisers boosted its position in Putnam Focused Large Cap Value ETF by 49.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,031,872 shares of the company’s stock valued at $37,457,000 after buying an additional 342,418 shares during the last quarter. Finally, Amplius Wealth Advisors LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 14.8% during the third quarter. Amplius Wealth Advisors LLC now owns 1,566,637 shares of the company’s stock valued at $59,433,000 after acquiring an additional 201,908 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of NYSEARCA PVAL opened at $38.33 on Tuesday. The firm has a market cap of $576.87 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a 1 year low of $30.83 and a 1 year high of $40.07. The stock’s 50-day simple moving average is $38.33 and its 200-day simple moving average is $37.64.

Putnam Focused Large Cap Value ETF 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.