D.A. Davidson & CO. Acquires New Shares in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

D.A. Davidson & CO. acquired a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,332 shares of the company’s stock, valued at approximately $2,314,000.

A number of other large investors have also recently added to or reduced their stakes in PVAL. Glenmede Trust Co. NA raised its position in Putnam Focused Large Cap Value ETF by 29.5% in the third quarter. Glenmede Trust Co. NA now owns 2,039,113 shares of the company’s stock valued at $77,364,000 after purchasing an additional 464,165 shares during the period. Amplius Wealth Advisors LLC raised its position in Putnam Focused Large Cap Value ETF by 10.3% in the fourth quarter. Amplius Wealth Advisors LLC now owns 1,727,791 shares of the company’s stock valued at $64,136,000 after purchasing an additional 161,154 shares during the period. Opal Wealth Advisors LLC raised its position in Putnam Focused Large Cap Value ETF by 2.2% in the fourth quarter. Opal Wealth Advisors LLC now owns 1,214,952 shares of the company’s stock valued at $45,099,000 after purchasing an additional 25,687 shares during the period. Stifel Financial Corp raised its position in Putnam Focused Large Cap Value ETF by 3.8% in the third quarter. Stifel Financial Corp now owns 505,696 shares of the company’s stock valued at $19,186,000 after purchasing an additional 18,521 shares during the period. Finally, Sowa Financial Group Inc. raised its position in Putnam Focused Large Cap Value ETF by 40.4% in the fourth quarter. Sowa Financial Group Inc. now owns 458,420 shares of the company’s stock valued at $17,017,000 after purchasing an additional 131,938 shares during the period.

Putnam Focused Large Cap Value ETF Stock Down 1.9 %

Shares of NYSEARCA PVAL opened at $38.66 on Friday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 20.51 and a beta of 0.90. Putnam Focused Large Cap Value ETF has a 52-week low of $32.90 and a 52-week high of $40.07. The business’s 50 day moving average is $38.22 and its two-hundred day moving average is $38.02.

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.