Towneley Capital Management Inc DE Sells 10,799 Shares of Putnam Focused Large Cap Value ETF $PVAL

Towneley Capital Management Inc DE cut its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 418,247 shares of the company’s stock after selling 10,799 shares during the period. Putnam Focused Large Cap Value ETF accounts for 4.4% of Towneley Capital Management Inc DE’s holdings, making the stock its 7th largest position. Towneley Capital Management Inc DE owned about 0.15% of Putnam Focused Large Cap Value ETF worth $22,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PVAL. Bank of America Corp DE lifted its holdings in Putnam Focused Large Cap Value ETF by 48.4% during the 1st 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. Cetera Investment Advisers raised its position in shares of Putnam Focused Large Cap Value ETF by 21.6% in the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after buying an additional 1,483,240 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Putnam Focused Large Cap Value ETF by 11.4% in the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock valued at $331,959,000 after buying an additional 734,798 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF by 16.4% in the second quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock valued at $275,167,000 after buying an additional 762,099 shares during the period. Finally, Modern Wealth Management LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 16.1% in the first quarter. Modern Wealth Management LLC now owns 2,304,807 shares of the company’s stock valued at $107,335,000 after buying an additional 319,556 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA:PVAL traded up $0.28 during trading hours on Friday, reaching $53.91. 907,808 shares of the company were exchanged, compared to its average volume of 1,628,926. The business has a 50 day moving average of $53.82 and a 200 day moving average of $51.34. Putnam Focused Large Cap Value ETF has a 1-year low of $41.58 and a 1-year high of $54.70. The company has a market capitalization of $14.73 billion, a P/E ratio of 17.86 and a beta of 0.84.

Putnam Focused Large Cap Value ETF Company 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.