Harbor Group Inc. Raises Stake in Putnam Focused Large Cap Value ETF $PVAL

Harbor Group Inc. increased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 848,271 shares of the company’s stock after acquiring an additional 21,789 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for 5.8% of Harbor Group Inc.’s portfolio, making the stock its 6th largest position. Harbor Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $38,656,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PVAL. Bank of America Corp DE increased its holdings in Putnam Focused Large Cap Value ETF by 22.0% during the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after buying an additional 2,239,115 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF by 135.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after acquiring an additional 3,360,792 shares during the last quarter. Glenmede Investment Management LP grew its position in shares of Putnam Focused Large Cap Value ETF by 15.8% during the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after acquiring an additional 789,767 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 12.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,889,690 shares of the company’s stock worth $208,888,000 after purchasing an additional 533,046 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Putnam Focused Large Cap Value ETF by 4.5% in the 3rd quarter. UBS Group AG now owns 4,629,186 shares of the company’s stock worth $197,759,000 after purchasing an additional 200,317 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA PVAL opened at $46.05 on Tuesday. The company has a market capitalization of $7.56 billion, a PE ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $49.13. The business’s fifty day moving average is $47.47 and its 200 day moving average is $45.12.

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.