Empire Life Investments Inc. boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,301 shares of the company’s stock after acquiring an additional 22,876 shares during the period. Empire Life Investments Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $5,397,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth about $62,000. Fifth Third Bancorp bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at about $63,000. Franklin Resources Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at about $94,000. Signaturefd LLC bought a new position in Putnam Focused Large Cap Value ETF in the fourth quarter worth about $120,000. Finally, CoreCap Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF in the third quarter worth about $123,000.
Putnam Focused Large Cap Value ETF Price Performance
Shares of PVAL opened at $49.58 on Wednesday. The company has a 50-day simple moving average of $47.61 and a two-hundred day simple moving average of $46.46. The firm has a market capitalization of $10.08 billion, a PE ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a one year low of $37.56 and a one year high of $49.72.
Putnam Focused Large Cap Value ETF 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.
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