RFG Advisory LLC Acquires 371,140 Shares of Putnam Focused Large Cap Value ETF $PVAL

RFG Advisory LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 95.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 759,205 shares of the company’s stock after buying an additional 371,140 shares during the quarter. Putnam Focused Large Cap Value ETF makes up approximately 0.7% of RFG Advisory LLC’s portfolio, making the stock its 18th largest holding. RFG Advisory LLC owned about 0.47% of Putnam Focused Large Cap Value ETF worth $34,597,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Putnam Focused Large Cap Value ETF by 14.7% in the first quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock valued at $2,798,000 after acquiring an additional 9,442 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $2,380,000. JPMorgan Chase & Co. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 124.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock worth $1,121,000 after purchasing an additional 15,435 shares during the period. Franklin Resources Inc. purchased a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $94,000. Finally, Brown Advisory Inc. lifted its stake in Putnam Focused Large Cap Value ETF by 2.4% in the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after purchasing an additional 300 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.9%

Shares of NYSEARCA PVAL opened at $49.43 on Wednesday. The stock has a fifty day simple moving average of $47.50 and a two-hundred day simple moving average of $46.22. Putnam Focused Large Cap Value ETF has a 1-year low of $37.11 and a 1-year high of $49.63. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85.

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.