Putnam Focused Large Cap Value ETF $PVAL is Marks Group Wealth Management Inc’s 7th Largest Position

Marks Group Wealth Management Inc increased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 1,509.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 349,180 shares of the company’s stock after purchasing an additional 327,485 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for 1.6% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 7th biggest holding. Marks Group Wealth Management Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $16,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PVAL. Bank of New York Mellon Corp boosted its position in Putnam Focused Large Cap Value ETF by 40.0% during the first quarter. Bank of New York Mellon Corp now owns 154,299 shares of the company’s stock worth $7,159,000 after purchasing an additional 44,119 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Putnam Focused Large Cap Value ETF by 2.9% in the first quarter. Geneos Wealth Management Inc. now owns 850,637 shares of the company’s stock valued at $39,470,000 after buying an additional 23,856 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 19.0% during the 1st quarter. Sanctuary Advisors LLC now owns 1,183,884 shares of the company’s stock worth $54,932,000 after buying an additional 188,615 shares during the last quarter. Sigma Planning Corp boosted its position in shares of Putnam Focused Large Cap Value ETF by 50.9% in the 1st quarter. Sigma Planning Corp now owns 116,764 shares of the company’s stock worth $5,418,000 after buying an additional 39,360 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Putnam Focused Large Cap Value ETF by 32.2% in the 1st quarter. Bleakley Financial Group LLC now owns 1,029,520 shares of the company’s stock valued at $47,770,000 after acquiring an additional 250,484 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.3%

NYSEARCA:PVAL opened at $51.86 on Thursday. The firm has a 50-day moving average price of $50.83 and a two-hundred day moving average price of $48.63. Putnam Focused Large Cap Value ETF has a twelve month low of $39.71 and a twelve month high of $52.16. The company has a market capitalization of $12.41 billion, a P/E ratio of 17.86 and a beta of 0.84.

About Putnam Focused Large Cap Value ETF

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.