Putnam Focused Large Cap Value ETF $PVAL Stock Position Boosted by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. raised its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 58.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,990 shares of the company’s stock after buying an additional 14,330 shares during the period. Richards Merrill & Peterson Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $2,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Bank & Trust lifted its position in shares of Putnam Focused Large Cap Value ETF by 20.1% during the third quarter. First Bank & Trust now owns 11,693 shares of the company’s stock worth $615,000 after purchasing an additional 1,956 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Putnam Focused Large Cap Value ETF by 73.2% during the third quarter. IFP Advisors Inc now owns 268,688 shares of the company’s stock valued at $14,138,000 after purchasing an additional 113,535 shares during the period. Encompass More Asset Management grew its holdings in shares of Putnam Focused Large Cap Value ETF by 67.5% in the third quarter. Encompass More Asset Management now owns 7,836 shares of the company’s stock worth $412,000 after purchasing an additional 3,159 shares during the last quarter. Processus Wealth & Capital Management LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 2.3% in the third quarter. Processus Wealth & Capital Management LLC now owns 14,824 shares of the company’s stock worth $780,000 after purchasing an additional 338 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of Putnam Focused Large Cap Value ETF by 16.1% in the third quarter. AdvisorNet Financial Inc now owns 725,630 shares of the company’s stock worth $39,148,000 after purchasing an additional 100,458 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Down 0.2%

PVAL stock traded down $0.09 during trading on Monday, hitting $53.94. The company had a trading volume of 1,041,556 shares, compared to its average volume of 1,639,012. The firm has a market capitalization of $14.89 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 52-week low of $42.71 and a 52-week high of $54.70. The company has a 50 day simple moving average of $53.83 and a 200-day simple moving average of $51.68.

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.