Allegheny Financial Group Has $12.86 Million Stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Allegheny Financial Group grew its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 100.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,329 shares of the company’s stock after buying an additional 173,572 shares during the quarter. Putnam Focused Large Cap Value ETF makes up about 3.3% of Allegheny Financial Group’s investment portfolio, making the stock its 8th biggest position. Allegheny Financial Group owned 2.30% of Putnam Focused Large Cap Value ETF worth $12,856,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Putnam Focused Large Cap Value ETF during the 3rd quarter worth approximately $406,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth $28,000. Harbour Investments Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 17.4% in the fourth quarter. Harbour Investments Inc. now owns 57,376 shares of the company’s stock valued at $2,130,000 after buying an additional 8,492 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 20.5% in the fourth quarter. HighTower Advisors LLC now owns 85,400 shares of the company’s stock valued at $3,170,000 after buying an additional 14,555 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 41.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 434,701 shares of the company’s stock valued at $16,136,000 after buying an additional 126,871 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.1 %

Shares of NYSEARCA:PVAL opened at $36.83 on Friday. The firm has a market cap of $2.45 billion, a P/E ratio of 18.80 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a 12 month low of $32.83 and a 12 month high of $40.07. The company’s 50-day moving average price is $36.89 and its two-hundred day moving average price is $37.95.

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.