Truist Financial Corp Sells 29,862 Shares of Putnam Focused Large Cap Value ETF $PVAL

Truist Financial Corp lessened its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 447,913 shares of the company’s stock after selling 29,862 shares during the period. Truist Financial Corp’s holdings in Putnam Focused Large Cap Value ETF were worth $20,411,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE raised 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 worth $530,668,000 after acquiring an additional 2,239,115 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Putnam Focused Large Cap Value ETF by 135.4% during the third 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 in the last quarter. Glenmede Investment Management LP raised its holdings in Putnam Focused Large Cap Value ETF by 15.8% during the third quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after acquiring an additional 789,767 shares in the last quarter. UBS Group AG raised its holdings in Putnam Focused Large Cap Value ETF by 8.8% during the fourth quarter. UBS Group AG now owns 5,037,434 shares of the company’s stock worth $229,556,000 after acquiring an additional 408,248 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Putnam Focused Large Cap Value ETF by 17.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 4,192,632 shares of the company’s stock worth $179,109,000 after acquiring an additional 626,728 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $49.57 on Thursday. Putnam Focused Large Cap Value ETF has a 52-week low of $37.14 and a 52-week high of $49.71. The firm has a market capitalization of $10.08 billion, a PE ratio of 17.86 and a beta of 0.85. The business’s 50-day simple moving average is $47.53 and its 200 day simple moving average is $46.27.

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.