Putnam Focused Large Cap Value ETF $PVAL Shares Bought by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC increased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 251.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,877 shares of the company’s stock after acquiring an additional 135,187 shares during the period. Putnam Focused Large Cap Value ETF comprises 5.9% of Robinson Smith Wealth Advisors LLC’s holdings, making the stock its 4th largest holding. Robinson Smith Wealth Advisors LLC owned approximately 0.09% of Putnam Focused Large Cap Value ETF worth $8,764,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Putnam Focused Large Cap Value ETF by 22.0% during 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 purchasing an additional 2,239,115 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after purchasing an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Putnam Focused Large Cap Value ETF by 27.6% in the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after purchasing an additional 1,484,571 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 17.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after purchasing an additional 1,009,485 shares during the last quarter. Finally, Glenmede Investment Management LP raised its holdings 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 in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock opened at $51.55 on Friday. Putnam Focused Large Cap Value ETF has a 52 week low of $39.71 and a 52 week high of $52.13. The stock has a market capitalization of $12.13 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock has a fifty day moving average of $50.62 and a 200-day moving average of $48.47.

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.