Putnam Focused Large Cap Value ETF $PVAL Stock: Midwest Capital Advisors LLC Increases Position

Midwest Capital Advisors LLC boosted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 289.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 804,868 shares of the company’s stock after purchasing an additional 598,344 shares during the period. Putnam Focused Large Cap Value ETF makes up 16.4% of Midwest Capital Advisors LLC’s portfolio, making the stock its biggest position. Midwest Capital Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $42,352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PVAL. Next Level Wealth Planning LLC acquired a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter worth $34,000. Arvest Investments Inc. purchased a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $57,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Putnam Focused Large Cap Value ETF by 113.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock valued at $72,000 after buying an additional 748 shares during the last quarter. Community Bank N.A. purchased a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $79,000. Finally, Signature Equity Partners LLC purchased a new position in Putnam Focused Large Cap Value ETF in the 1st quarter valued at about $75,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $55.03 on Tuesday. The business has a 50-day moving average of $53.85 and a 200-day moving average of $50.91. The company has a market capitalization of $15.72 billion, a PE ratio of 17.86 and a beta of 0.83. Putnam Focused Large Cap Value ETF has a 1-year low of $42.76 and a 1-year high of $55.91.

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.