PNC Financial Services Group Inc. Raises Position in Putnam Focused Large Cap Value ETF $PVAL

PNC Financial Services Group Inc. lifted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 17.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 203,679 shares of the company’s stock after acquiring an additional 30,050 shares during the period. PNC Financial Services Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $9,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Putnam Focused Large Cap Value ETF by 7.3% in the 4th quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after acquiring an additional 219 shares during the period. Verdence Capital Advisors LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock valued at $432,000 after acquiring an additional 249 shares during the period. Brown Advisory Inc. increased its position in shares of Putnam Focused Large Cap Value ETF by 2.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after acquiring an additional 300 shares during the period. Tempus Wealth Planning LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 0.6% in the 3rd quarter. Tempus Wealth Planning LLC now owns 65,336 shares of the company’s stock valued at $2,791,000 after acquiring an additional 406 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 1.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock valued at $1,274,000 after acquiring an additional 413 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $50.36 on Friday. The stock’s fifty day moving average price is $48.03 and its 200 day moving average price is $46.81. Putnam Focused Large Cap Value ETF has a 1 year low of $37.56 and a 1 year high of $50.53. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85.

Putnam Focused Large Cap Value ETF Company 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.