Geneos Wealth Management Inc. Purchases 23,856 Shares of Putnam Focused Large Cap Value ETF $PVAL

Geneos Wealth Management Inc. lifted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2.9% in the first quarter, HoldingsChannel.com reports. The firm owned 850,637 shares of the company’s stock after purchasing an additional 23,856 shares during the quarter. Putnam Focused Large Cap Value ETF comprises about 0.9% of Geneos Wealth Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Geneos Wealth Management Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $39,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted 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 valued at $530,668,000 after buying an additional 2,239,115 shares in the last quarter. Morgan Stanley increased its stake in Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after buying an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers increased its stake in Putnam Focused Large Cap Value ETF by 27.6% in the 4th 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 in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after acquiring an additional 1,009,485 shares during the period. Finally, Auctus Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $43,589,000.

Putnam Focused Large Cap Value ETF Stock Up 0.3%

Shares of Putnam Focused Large Cap Value ETF stock opened at $51.86 on Thursday. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The stock’s 50-day simple moving average is $50.83 and its 200-day simple moving average is $48.63. Putnam Focused Large Cap Value ETF has a 52 week low of $39.71 and a 52 week high of $52.16.

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.