PNC Financial Services Group Inc. Raises Stock Holdings in Putnam Focused Large Cap Value ETF $PVAL

PNC Financial Services Group Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 13.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 230,997 shares of the company’s stock after acquiring an additional 27,318 shares during the period. PNC Financial Services Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $10,718,000 as of its most recent SEC filing.

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

Putnam Focused Large Cap Value ETF Trading Up 0.7%

NYSEARCA:PVAL opened at $52.41 on Friday. Putnam Focused Large Cap Value ETF has a 12 month low of $39.71 and a 12 month high of $52.56. The company has a market cap of $12.74 billion, a PE ratio of 17.86 and a beta of 0.84. The company has a 50 day simple moving average of $51.18 and a two-hundred day simple moving average of $48.92.

Putnam Focused Large Cap Value ETF Company 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.