Valmark Advisers Inc. Has $13.38 Million Stake in Putnam Focused Large Cap Value ETF $PVAL

Valmark Advisers Inc. raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 173.5% in the first quarter, HoldingsChannel.com reports. The fund owned 288,428 shares of the company’s stock after purchasing an additional 182,954 shares during the quarter. Valmark Advisers Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $13,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Putnam Focused Large Cap Value ETF by 22.0% during the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after purchasing an additional 2,239,115 shares during the last quarter. Morgan Stanley grew its holdings in Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after purchasing an additional 1,906,373 shares during the period. Cetera Investment Advisers increased its position in Putnam Focused Large Cap Value ETF by 27.6% during the fourth quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after buying an additional 1,484,571 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Putnam Focused Large Cap Value ETF by 17.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after buying an additional 1,009,485 shares during the period. Finally, Glenmede Investment Management LP raised its stake in Putnam Focused Large Cap Value ETF by 15.8% in the third quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after buying an additional 789,767 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.5%

Shares of NYSEARCA PVAL traded up $0.27 during midday trading on Friday, hitting $51.82. 1,123,483 shares of the company’s stock were exchanged, compared to its average volume of 1,602,317. The firm has a market capitalization of $12.32 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 12 month low of $39.71 and a 12 month high of $52.13. The company’s 50 day moving average price is $50.69 and its 200 day moving average price is $48.49.

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.