Kintra Wealth LLC Purchases 9,277 Shares of Putnam Focused Large Cap Value ETF $PVAL

Kintra Wealth LLC raised its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 57.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,503 shares of the company’s stock after acquiring an additional 9,277 shares during the period. Kintra Wealth LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PVAL. Bank of America Corp DE increased its position in Putnam Focused Large Cap Value ETF by 48.4% in the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after purchasing an additional 11,707,304 shares during the last quarter. Morgan Stanley lifted 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 valued at $435,956,000 after purchasing an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Putnam Focused Large Cap Value ETF by 21.6% in the 1st quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after buying an additional 1,483,240 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Putnam Focused Large Cap Value ETF by 11.4% in the 1st quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after buying an additional 734,798 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Putnam Focused Large Cap Value ETF by 17.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after buying an additional 1,009,485 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of NYSEARCA PVAL opened at $54.14 on Monday. The firm’s 50-day moving average price is $53.13 and its 200-day moving average price is $50.33. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 12-month low of $41.55 and a 12-month high of $54.70.

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.