Bleakley Financial Group LLC bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 779,036 shares of the company’s stock, valued at approximately $35,501,000.
Several other large investors have also added to or reduced their stakes in the company. Prostatis Group LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter worth about $3,727,000. Aspire Capital Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth about $596,000. Glenmede Investment Management LP raised its stake in shares of Putnam Focused Large Cap Value ETF by 15.8% in 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 last quarter. Auctus Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth about $43,589,000. Finally, Diversify Advisory Services LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 40.4% in the fourth quarter. Diversify Advisory Services LLC now owns 170,008 shares of the company’s stock worth $7,990,000 after purchasing an additional 48,948 shares during the last quarter.
Putnam Focused Large Cap Value ETF Price Performance
Shares of NYSEARCA:PVAL opened at $50.36 on Tuesday. Putnam Focused Large Cap Value ETF has a 52-week low of $37.56 and a 52-week high of $50.53. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85. The business has a 50-day moving average price of $48.12 and a 200-day moving average price of $46.88.
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.
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