Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 1,509.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,180 shares of the company’s stock after buying an additional 327,485 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for 1.6% of Marks Group Wealth Management Inc’s portfolio, making the stock its 7th biggest holding. Marks Group Wealth Management Inc owned 0.17% of Putnam Focused Large Cap Value ETF worth $16,202,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PVAL. Allworth Financial LP lifted its holdings in Putnam Focused Large Cap Value ETF by 7.3% in the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after acquiring an additional 219 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Putnam Focused Large Cap Value ETF by 2.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock worth $432,000 after purchasing an additional 249 shares in the last quarter. Next Level Private LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 4.4% during the 1st quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock worth $278,000 after purchasing an additional 250 shares during the period. Brown Advisory Inc. grew its stake in shares of Putnam Focused Large Cap Value ETF by 2.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF by 1.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock valued at $1,274,000 after purchasing an additional 413 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.3%

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

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.