Putnam Focused Large Cap Value ETF $PVAL Stock Holdings Boosted by Frontier Asset Management LLC

Frontier Asset Management LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 52.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 412,164 shares of the company’s stock after purchasing an additional 141,428 shares during the quarter. Putnam Focused Large Cap Value ETF makes up 4.0% of Frontier Asset Management LLC’s holdings, making the stock its 8th largest position. Frontier Asset Management LLC owned about 0.20% of Putnam Focused Large Cap Value ETF worth $19,124,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PVAL. Essex Financial Services Inc. increased its holdings in Putnam Focused Large Cap Value ETF by 22.2% in the 1st quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock worth $6,578,000 after acquiring an additional 25,732 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Putnam Focused Large Cap Value ETF by 40.4% during the fourth quarter. Diversify Advisory Services LLC now owns 170,008 shares of the company’s stock valued at $7,990,000 after purchasing an additional 48,948 shares in the last quarter. Aspire Capital Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $596,000. Sowa Financial Group Inc. grew its position in shares of Putnam Focused Large Cap Value ETF by 4.1% in the fourth quarter. Sowa Financial Group Inc. now owns 571,015 shares of the company’s stock valued at $26,021,000 after purchasing an additional 22,742 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Putnam Focused Large Cap Value ETF by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,013,832 shares of the company’s stock valued at $47,457,000 after purchasing an additional 18,241 shares during the period.

Putnam Focused Large Cap Value ETF Stock Down 0.5%

PVAL stock opened at $51.95 on Friday. Putnam Focused Large Cap Value ETF has a 52 week low of $39.71 and a 52 week high of $52.31. The firm has a 50-day simple moving average of $50.94 and a 200-day simple moving average of $48.70. The stock has a market capitalization of $12.47 billion, a P/E ratio of 17.86 and a beta of 0.84.

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.