Secure Asset Management LLC Boosts Stake in Putnam Focused Large Cap Value ETF $PVAL

Secure Asset Management LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 524.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 124,588 shares of the company’s stock after acquiring an additional 104,635 shares during the period. Putnam Focused Large Cap Value ETF makes up about 0.9% of Secure Asset Management LLC’s portfolio, making the stock its 28th largest holding. Secure Asset Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $6,348,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Putnam Focused Large Cap Value ETF by 48.4% in the 1st quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after purchasing an additional 11,707,304 shares in the last quarter. Morgan Stanley boosted its position in Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after purchasing an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers boosted its position in Putnam Focused Large Cap Value ETF by 21.6% during the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after purchasing an additional 1,483,240 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Putnam Focused Large Cap Value ETF by 11.4% during the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after purchasing an additional 734,798 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in Putnam Focused Large Cap Value ETF by 17.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after purchasing an additional 1,009,485 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Putnam Focused Large Cap Value ETF stock opened at $53.81 on Wednesday. The stock has a market capitalization of $13.58 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 12 month low of $41.39 and a 12 month high of $54.70. The business has a 50 day simple moving average of $52.94 and a 200-day simple moving average of $50.20.

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.