Putnam Focused Large Cap Value ETF $PVAL Shares Bought by Secure Asset Management LLC

Secure Asset Management LLC raised its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 524.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 124,588 shares of the company’s stock after buying an additional 104,635 shares during the period. Putnam Focused Large Cap Value ETF comprises about 0.9% of Secure Asset Management LLC’s portfolio, making the stock its 28th largest holding. Secure Asset Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $6,348,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Blue Trust Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter worth about $27,000. Parkside Financial Bank & Trust purchased a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at approximately $52,000. MCF Advisors LLC purchased a new position in Putnam Focused Large Cap Value ETF during the fourth quarter valued at approximately $53,000. Global Retirement Partners LLC acquired a new position in Putnam Focused Large Cap Value ETF in the fourth quarter valued at approximately $58,000. Finally, International Assets Investment Management LLC acquired a new position in Putnam Focused Large Cap Value ETF in the fourth quarter valued at approximately $62,000.

Putnam Focused Large Cap Value ETF Trading Down 0.4%

Putnam Focused Large Cap Value ETF stock opened at $53.81 on Wednesday. Putnam Focused Large Cap Value ETF has a 12 month low of $41.39 and a 12 month high of $54.70. The stock’s 50 day simple moving average is $52.94 and its two-hundred day simple moving average is $50.20. The firm has a market cap of $13.58 billion, a PE ratio of 17.86 and a beta of 0.84.

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.