Sax Wealth Advisors LLC Buys 159,214 Shares of Putnam Focused Large Cap Value ETF $PVAL

Sax Wealth Advisors LLC raised its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 23.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 841,845 shares of the company’s stock after buying an additional 159,214 shares during the period. Putnam Focused Large Cap Value ETF accounts for 1.4% of Sax Wealth Advisors LLC’s holdings, making the stock its 14th largest holding. Sax Wealth Advisors LLC owned approximately 0.36% of Putnam Focused Large Cap Value ETF worth $39,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the 1st quarter worth $27,000. Parkside Financial Bank & Trust bought a new position in Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $52,000. MCF Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $53,000. Global Retirement Partners LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $58,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $62,000.

Putnam Focused Large Cap Value ETF Trading Up 0.3%

NYSEARCA:PVAL opened at $54.26 on Friday. The stock has a market cap of $13.69 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock’s 50-day moving average is $51.85 and its 200-day moving average is $49.39. Putnam Focused Large Cap Value ETF has a 1-year low of $40.27 and a 1-year high of $54.47.

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.