Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Holdings Raised by AdvisorNet Financial Inc

AdvisorNet Financial Inc boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 42.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 368,300 shares of the company’s stock after buying an additional 110,504 shares during the quarter. Putnam Focused Large Cap Value ETF makes up about 1.0% of AdvisorNet Financial Inc’s holdings, making the stock its 23rd biggest position. AdvisorNet Financial Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $14,025,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank raised its holdings in shares of Putnam Focused Large Cap Value ETF by 5.0% during the 4th quarter. Comerica Bank now owns 5,509 shares of the company’s stock valued at $204,000 after purchasing an additional 260 shares in the last quarter. LaSalle St. Investment Advisors LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at $210,000. Raymond James Financial Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at $212,000. World Investment Advisors bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at $240,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 21.3% during the 4th quarter. NewEdge Advisors LLC now owns 6,590 shares of the company’s stock valued at $245,000 after purchasing an additional 1,156 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.3%

Putnam Focused Large Cap Value ETF stock opened at $38.44 on Friday. The company has a market capitalization of $2.93 billion, a P/E ratio of 19.60 and a beta of 0.89. The firm’s fifty day simple moving average is $36.94 and its 200-day simple moving average is $37.92. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $40.07.

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.