Sovran Advisors LLC Takes $4.13 Million Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Sovran Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 110,348 shares of the company’s stock, valued at approximately $4,133,000. Sovran Advisors LLC owned approximately 0.73% of Putnam Focused Large Cap Value ETF as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $28,000. Allworth Financial LP increased its holdings in Putnam Focused Large Cap Value ETF by 79.8% in the 3rd quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock worth $98,000 after buying an additional 1,145 shares during the period. Verdence Capital Advisors LLC acquired a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $205,000. Cozad Asset Management Inc. acquired a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $208,000. Finally, Fulcrum Equity Management acquired a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $248,000.

Putnam Focused Large Cap Value ETF Trading Up 0.2 %

Shares of NYSEARCA:PVAL opened at $39.13 on Tuesday. Putnam Focused Large Cap Value ETF has a twelve month low of $32.00 and a twelve month high of $40.07. The company’s 50 day moving average is $38.18 and its 200 day moving average is $37.86. The company has a market cap of $588.91 million, a PE ratio of 16.48 and a beta of 0.82.

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.