Sax Wealth Advisors LLC grew its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 28.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 686,031 shares of the company’s stock after buying an additional 152,882 shares during the quarter. Putnam Focused Large Cap Value ETF makes up about 1.5% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Sax Wealth Advisors LLC owned 0.47% of Putnam Focused Large Cap Value ETF worth $31,262,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $63,000. Franklin Resources Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth approximately $94,000. CoreCap Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 3rd quarter valued at $123,000. Lantern Wealth Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 3rd quarter valued at $224,000. Finally, Strategic Blueprint LLC bought a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $228,000.
Putnam Focused Large Cap Value ETF Stock Performance
Putnam Focused Large Cap Value ETF stock opened at $46.53 on Thursday. The firm has a market cap of $7.64 billion, a P/E ratio of 17.86 and a beta of 0.88. The business’s fifty day moving average is $47.46 and its two-hundred day moving average is $45.17. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $49.13.
About Putnam Focused Large Cap Value ETF
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.
Further Reading
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