Diversify Wealth Management LLC Purchases Shares of 183,588 Putnam Focused Large Cap Value ETF $PVAL

Diversify Wealth Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 183,588 shares of the company’s stock, valued at approximately $8,910,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Putnam Focused Large Cap Value ETF by 22.0% during the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after acquiring an additional 2,239,115 shares in the last quarter. Morgan Stanley grew its holdings in shares of Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after acquiring an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Putnam Focused Large Cap Value ETF by 27.6% during the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after purchasing an additional 1,484,571 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after purchasing an additional 1,009,485 shares during the period. Finally, Auctus Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at $43,589,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA PVAL opened at $51.82 on Monday. Putnam Focused Large Cap Value ETF has a 12 month low of $39.71 and a 12 month high of $52.13. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The business has a fifty day simple moving average of $50.69 and a 200-day simple moving average of $48.51.

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.