Wealth Enhancement Advisory Services LLC Boosts Stake in Putnam Focused Large Cap Value ETF $PVAL

Wealth Enhancement Advisory Services LLC boosted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,013,832 shares of the company’s stock after purchasing an additional 18,241 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.69% of Putnam Focused Large Cap Value ETF worth $47,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Putnam Focused Large Cap Value ETF by 14.7% in the first quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after buying an additional 9,442 shares during the period. Jane Street Group LLC bought a new position in Putnam Focused Large Cap Value ETF in the 1st quarter valued at $2,380,000. Rockefeller Capital Management L.P. grew its position in Putnam Focused Large Cap Value ETF by 90.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 47,239 shares of the company’s stock valued at $1,900,000 after acquiring an additional 22,439 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Putnam Focused Large Cap Value ETF by 124.2% in the second quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock worth $1,121,000 after purchasing an additional 15,435 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Putnam Focused Large Cap Value ETF in the second quarter worth $94,000.

Putnam Focused Large Cap Value ETF Trading Up 0.8%

NYSEARCA:PVAL opened at $46.05 on Tuesday. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $49.13. The stock has a fifty day simple moving average of $47.47 and a 200-day simple moving average of $45.12.

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.