Redhawk Wealth Advisors Inc. Purchases 11,020 Shares of Putnam Focused Large Cap Value ETF $PVAL

Redhawk Wealth Advisors Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 386,316 shares of the company’s stock after purchasing an additional 11,020 shares during the period. Putnam Focused Large Cap Value ETF comprises about 1.9% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 9th largest position. Redhawk Wealth Advisors Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $19,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in Putnam Focused Large Cap Value ETF by 48.4% in the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after buying an additional 11,707,304 shares during the last quarter. Morgan Stanley raised its stake in Putnam Focused Large Cap Value ETF by 24.9% in the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after buying an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Putnam Focused Large Cap Value ETF by 27.6% during 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 during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Putnam Focused Large Cap Value ETF by 17.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after buying an additional 1,009,485 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth about $35,501,000.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $54.52 on Tuesday. Putnam Focused Large Cap Value ETF has a one year low of $40.40 and a one year high of $54.63. The company has a market cap of $13.76 billion, a P/E ratio of 17.86 and a beta of 0.84. The business’s 50-day simple moving average is $51.93 and its 200-day simple moving average is $49.47.

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.