Putnam Focused Large Cap Value ETF $PVAL Stock Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lowered its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 5.5% in the third quarter, Holdings Channel reports. The institutional investor owned 181,283 shares of the company’s stock after selling 10,603 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $9,539,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Putnam Focused Large Cap Value ETF by 48.4% in the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after acquiring an additional 11,707,304 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in Putnam Focused Large Cap Value ETF in the third quarter worth approximately $448,572,000. Cetera Investment Advisers increased its stake in Putnam Focused Large Cap Value ETF by 21.6% during the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after acquiring an additional 1,483,240 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Putnam Focused Large Cap Value ETF by 11.4% during the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after acquiring an additional 734,798 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Putnam Focused Large Cap Value ETF by 16.4% during the second quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock worth $275,167,000 after acquiring an additional 762,099 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Down 0.3%

NYSEARCA:PVAL opened at $54.88 on Wednesday. Putnam Focused Large Cap Value ETF has a 52 week low of $42.76 and a 52 week high of $55.91. The company has a market capitalization of $15.67 billion, a P/E ratio of 17.86 and a beta of 0.83. The stock’s fifty day moving average is $53.86 and its two-hundred day moving average is $50.95.

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.