Haverford Trust Co Invests $6.71 Million in Putnam Focused Large Cap Value ETF $PVAL

Haverford Trust Co bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 176,103 shares of the company’s stock, valued at approximately $6,706,000. Haverford Trust Co owned approximately 0.25% of Putnam Focused Large Cap Value ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwest Capital Management Inc acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the first quarter worth about $102,000. Allworth Financial LP increased its position in shares of Putnam Focused Large Cap Value ETF by 11.2% during the first quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $109,000 after purchasing an additional 300 shares in the last quarter. Comerica Bank increased its position in shares of Putnam Focused Large Cap Value ETF by 5.0% during the fourth quarter. Comerica Bank now owns 5,509 shares of the company’s stock worth $204,000 after purchasing an additional 260 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $212,000. Finally, NewEdge Advisors LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 21.3% during the fourth quarter. NewEdge Advisors LLC now owns 6,590 shares of the company’s stock worth $245,000 after purchasing an additional 1,156 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 1.5%

Shares of PVAL stock opened at $41.83 on Friday. The stock has a market capitalization of $3.86 billion, a PE ratio of 17.86 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $41.88. The stock’s 50-day moving average price is $40.57 and its 200 day moving average price is $38.70.

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.