Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by RFG Advisory LLC

RFG Advisory LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 14.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,011,811 shares of the company’s stock after purchasing an additional 130,988 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 0.8% of RFG Advisory LLC’s portfolio, making the stock its 15th biggest position. RFG Advisory LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $51,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in Putnam Focused Large Cap Value ETF by 6.4% in the second quarter. NewEdge Advisors LLC now owns 8,205 shares of the company’s stock valued at $418,000 after buying an additional 494 shares during the last quarter. IFP Advisors Inc raised its position in shares of Putnam Focused Large Cap Value ETF by 16.7% in the 2nd quarter. IFP Advisors Inc now owns 155,153 shares of the company’s stock valued at $7,905,000 after purchasing an additional 22,211 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 1.7% in the 2nd quarter. Baird Financial Group Inc. now owns 500,423 shares of the company’s stock valued at $25,497,000 after purchasing an additional 8,222 shares during the last quarter. Waverly Advisors LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 3.1% in the 2nd quarter. Waverly Advisors LLC now owns 52,524 shares of the company’s stock valued at $2,676,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Corient Private Wealth LP boosted its stake in Putnam Focused Large Cap Value ETF by 4.8% in the 2nd quarter. Corient Private Wealth LP now owns 1,312,998 shares of the company’s stock worth $66,897,000 after purchasing an additional 60,556 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.4%

NYSEARCA:PVAL opened at $53.91 on Wednesday. The company has a market capitalization of $13.60 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 12 month low of $41.58 and a 12 month high of $54.70. The firm has a fifty day simple moving average of $53.25 and a 200-day simple moving average of $50.40.

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.