USAdvisors Wealth Management LLC Purchases Shares of 95,407 Putnam Focused Large Cap Value ETF $PVAL

USAdvisors Wealth Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 95,407 shares of the company’s stock, valued at approximately $4,347,000. Putnam Focused Large Cap Value ETF makes up about 1.4% of USAdvisors Wealth Management LLC’s holdings, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PVAL. Royal Bank of Canada raised its stake in Putnam Focused Large Cap Value ETF by 14.7% in the first quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock valued at $2,798,000 after buying an additional 9,442 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the first quarter worth about $2,380,000. JPMorgan Chase & Co. increased its position in shares of Putnam Focused Large Cap Value ETF by 124.2% during the second quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock worth $1,121,000 after purchasing an additional 15,435 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth about $94,000. Finally, Brown Advisory Inc. increased its position in shares of Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $50.20 on Friday. The business’s 50-day simple moving average is $47.68 and its 200-day simple moving average is $46.55. Putnam Focused Large Cap Value ETF has a one year low of $37.56 and a one year high of $50.36. The stock has a market capitalization of $10.21 billion, a P/E ratio of 17.86 and a beta of 0.85.

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.