Putnam Focused Large Cap Value ETF $PVAL Stock: Sax Wealth Advisors LLC Increases Stake

Sax Wealth Advisors LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 26.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,060,337 shares of the company’s stock after purchasing an additional 218,492 shares during the period. Putnam Focused Large Cap Value ETF accounts for approximately 1.6% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Sax Wealth Advisors LLC owned about 0.39% of Putnam Focused Large Cap Value ETF worth $55,795,000 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. Essex Financial Services Inc. raised its holdings in Putnam Focused Large Cap Value ETF by 22.2% in the first quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock valued at $6,578,000 after acquiring an additional 25,732 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Putnam Focused Large Cap Value ETF by 509.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 551,609 shares of the company’s stock worth $25,137,000 after buying an additional 461,155 shares during the last quarter. Faithward Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $3,086,000. Key Client Fiduciary Advisors LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 19.6% in the second quarter. Key Client Fiduciary Advisors LLC now owns 247,817 shares of the company’s stock valued at $12,626,000 after purchasing an additional 40,683 shares in the last quarter. Finally, Capital Analysts LLC increased its stake in Putnam Focused Large Cap Value ETF by 9.2% in the second quarter. Capital Analysts LLC now owns 1,190,333 shares of the company’s stock valued at $60,647,000 after purchasing an additional 99,997 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock traded down $0.01 during midday trading on Tuesday, hitting $54.13. 746,444 shares of the company’s stock were exchanged, compared to its average volume of 1,628,004. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 12-month low of $41.86 and a 12-month high of $54.70. The firm’s 50 day simple moving average is $53.84 and its 200 day simple moving average is $51.45.

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.