Stonebridge Financial Group LLC MO Takes Position in Putnam Focused Large Cap Value ETF $PVAL

Stonebridge Financial Group LLC MO acquired a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,209 shares of the company’s stock, valued at approximately $2,835,000. Putnam Focused Large Cap Value ETF accounts for about 2.5% of Stonebridge Financial Group LLC MO’s holdings, making the stock its 8th biggest position.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 135.4% during the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after purchasing an additional 3,360,792 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 266.3% during the third quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock worth $167,333,000 after purchasing an additional 2,847,566 shares during the period. Bank of America Corp DE raised its position in shares of Putnam Focused Large Cap Value ETF by 22.0% during the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after purchasing an additional 2,239,115 shares during the period. Auctus Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth $43,589,000. Finally, Glenmede Investment Management LP raised its position in shares of Putnam Focused Large Cap Value ETF by 15.8% during the third quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after purchasing an additional 789,767 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.1%

Shares of Putnam Focused Large Cap Value ETF stock opened at $49.58 on Wednesday. The stock’s fifty day moving average is $47.61 and its 200-day moving average is $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 12-month low of $37.56 and a 12-month 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.