Baer Investment Advisory LLC Purchases New Position in Putnam Focused Large Cap Value ETF $PVAL

Baer Investment Advisory LLC purchased a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the first quarter, Holdings Channel reports. The firm purchased 58,436 shares of the company’s stock, valued at approximately $2,711,000.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the first quarter valued at $27,000. Parkside Financial Bank & Trust acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at $52,000. MCF Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth about $53,000. Global Retirement Partners LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth about $58,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth about $62,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $51.67 on Friday. Putnam Focused Large Cap Value ETF has a 12-month low of $39.71 and a 12-month high of $52.13. The stock has a market capitalization of $14.29 billion, a P/E ratio of 17.86 and a beta of 0.84. The company has a 50-day simple moving average of $50.38 and a 200 day simple moving average of $48.27.

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.