Robinson Smith Wealth Advisors LLC Buys Shares of 53,690 Putnam Focused Large Cap Value ETF $PVAL

Robinson Smith Wealth Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 53,690 shares of the company’s stock, valued at approximately $2,447,000. Putnam Focused Large Cap Value ETF accounts for approximately 1.7% of Robinson Smith Wealth Advisors LLC’s portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PVAL. Cullen Frost Bankers Inc. lifted its holdings in Putnam Focused Large Cap Value ETF by 135.4% in the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after acquiring an additional 3,360,792 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Putnam Focused Large Cap Value ETF by 266.3% in the third quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock valued at $167,333,000 after acquiring an additional 2,847,566 shares during the period. Bank of America Corp DE lifted its holdings in Putnam Focused Large Cap Value ETF by 22.0% in the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after acquiring an additional 2,239,115 shares during the period. Auctus Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at $43,589,000. Finally, Glenmede Investment Management LP raised its stake in shares of Putnam Focused Large Cap Value ETF by 15.8% during the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after buying an additional 789,767 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA:PVAL opened at $50.36 on Monday. The company has a market capitalization of $10.24 billion, a PE ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a 52-week low of $37.56 and a 52-week high of $50.53. The stock has a fifty day simple moving average of $48.03 and a 200-day simple moving average of $46.83.

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.