Putnam Focused Large Cap Value ETF $PVAL is Sowa Financial Group Inc.’s 4th Largest Position

Sowa Financial Group Inc. grew its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 4.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 571,015 shares of the company’s stock after buying an additional 22,742 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for 13.6% of Sowa Financial Group Inc.’s holdings, making the stock its 4th biggest position. Sowa Financial Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $26,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verdence Capital Advisors LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock valued at $432,000 after acquiring an additional 249 shares during the last quarter. Brown Advisory Inc. boosted its position in Putnam Focused Large Cap Value ETF by 2.4% in the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the last quarter. Tempus Wealth Planning LLC grew its stake in Putnam Focused Large Cap Value ETF by 0.6% in the 3rd quarter. Tempus Wealth Planning LLC now owns 65,336 shares of the company’s stock valued at $2,791,000 after purchasing an additional 406 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Putnam Focused Large Cap Value ETF by 1.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock valued at $1,274,000 after purchasing an additional 413 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 10.6% during the 4th quarter. Farther Finance Advisors LLC now owns 8,536 shares of the company’s stock valued at $389,000 after purchasing an additional 817 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $49.57 on Thursday. The business’s fifty day moving average is $47.53 and its 200-day moving average is $46.27. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a one year low of $37.14 and a one year high of $49.71.

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.