Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by Sonoma Allocations LLC

Sonoma Allocations LLC increased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 408.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,047 shares of the company’s stock after purchasing an additional 20,925 shares during the period. Sonoma Allocations LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PVAL. Royal Bank of Canada lifted its position 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 worth $2,798,000 after purchasing an additional 9,442 shares during the period. Jane Street Group LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 1st quarter valued at $2,380,000. JPMorgan Chase & Co. raised its stake 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 buying an additional 15,435 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth $94,000. Finally, Brown Advisory Inc. lifted its holdings in shares of 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 buying an additional 300 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 1.7%

Shares of PVAL stock opened at $53.38 on Friday. The stock has a 50-day simple moving average of $51.43 and a 200 day simple moving average of $49.11. Putnam Focused Large Cap Value ETF has a fifty-two week low of $39.71 and a fifty-two week high of $53.50. The stock has a market capitalization of $13.30 billion, a P/E ratio of 17.86 and a beta of 0.84.

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.