Essex Financial Services Inc. Has $1.05 Million Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Essex Financial Services Inc. decreased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,151 shares of the company’s stock after selling 3,357 shares during the quarter. Essex Financial Services Inc. owned 0.19% of Putnam Focused Large Cap Value ETF worth $1,045,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PVAL. Principle Wealth Partners LLC acquired a new position in Putnam Focused Large Cap Value ETF in the fourth quarter worth about $279,000. Opal Wealth Advisors LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 2.2% in the 4th quarter. Opal Wealth Advisors LLC now owns 1,214,952 shares of the company’s stock valued at $45,099,000 after purchasing an additional 25,687 shares during the period. GGM Financials LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 2.9% in the 4th quarter. GGM Financials LLC now owns 412,635 shares of the company’s stock worth $15,317,000 after buying an additional 11,678 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 4.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 59,814 shares of the company’s stock worth $2,220,000 after buying an additional 2,528 shares during the period. Finally, Tempus Wealth Planning LLC bought a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at $3,991,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of NYSEARCA PVAL opened at $39.24 on Wednesday. Putnam Focused Large Cap Value ETF has a 52-week low of $32.00 and a 52-week high of $40.07. The business has a fifty day moving average of $38.17 and a two-hundred day moving average of $37.87. The stock has a market cap of $590.56 million, a PE ratio of 16.48 and a beta of 0.82.

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.