Dogwood Wealth Management LLC Purchases Shares of 369,699 Putnam Focused Large Cap Value ETF $PVAL

Dogwood Wealth Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 369,699 shares of the company’s stock, valued at approximately $16,847,000. Putnam Focused Large Cap Value ETF comprises about 7.4% of Dogwood Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position.

Several other hedge funds also recently added to or reduced their stakes in PVAL. Cullen Frost Bankers Inc. increased its stake in Putnam Focused Large Cap Value ETF by 135.4% in the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after purchasing an additional 3,360,792 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Putnam Focused Large Cap Value ETF by 266.3% in the third quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock valued at $167,333,000 after purchasing an additional 2,847,566 shares during the last quarter. Bank of America Corp DE grew its position in shares of 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 during the last quarter. Auctus Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $43,589,000. Finally, Glenmede Investment Management LP grew its position in shares of 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 during the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.2%

Shares of PVAL opened at $49.33 on Friday. The firm has a market cap of $10.03 billion, a PE ratio of 17.86 and a beta of 0.85. The company’s 50 day simple moving average is $47.55 and its 200-day simple moving average is $46.32. Putnam Focused Large Cap Value ETF has a 12-month low of $37.35 and a 12-month high of $49.71.

Putnam Focused Large Cap Value ETF 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.