Kestra Private Wealth Services LLC Purchases 125,210 Shares of Putnam Focused Large Cap Value ETF $PVAL

Kestra Private Wealth Services LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 74.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 294,122 shares of the company’s stock after purchasing an additional 125,210 shares during the period. Kestra Private Wealth Services LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $13,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PVAL. Bank of America Corp DE grew its position in shares of Putnam Focused Large Cap Value ETF by 22.0% during the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after buying an additional 2,239,115 shares during the period. Morgan Stanley lifted its holdings in Putnam Focused Large Cap Value ETF by 24.9% in the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after buying an additional 1,906,373 shares during the period. Cetera Investment Advisers lifted its holdings in Putnam Focused Large Cap Value ETF by 27.6% in the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after buying an additional 1,484,571 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Putnam Focused Large Cap Value ETF by 17.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after acquiring an additional 1,009,485 shares during the last quarter. Finally, Glenmede Investment Management LP boosted its stake in Putnam Focused Large Cap Value ETF by 15.8% in the third 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 last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $51.07 on Thursday. The company has a fifty day moving average price of $50.05 and a two-hundred day moving average price of $47.99. The firm has a market capitalization of $10.38 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 52 week low of $39.51 and a 52 week high of $52.13.

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.