Commonwealth Equity Services LLC Acquires 424,026 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Commonwealth Equity Services LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVALFree Report) by 52.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,227,015 shares of the company’s stock after purchasing an additional 424,026 shares during the quarter. Commonwealth Equity Services LLC owned about 8.15% of Putnam Focused Large Cap Value ETF worth $45,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in Putnam Focused Large Cap Value ETF during the third quarter worth about $406,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $28,000. Wealthspire Advisors LLC boosted its position in Putnam Focused Large Cap Value ETF by 19.3% during the fourth quarter. Wealthspire Advisors LLC now owns 330,289 shares of the company’s stock worth $12,260,000 after purchasing an additional 53,444 shares during the period. Sax Wealth Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $3,291,000. Finally, Carnegie Investment Counsel bought a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $318,000.

Putnam Focused Large Cap Value ETF Trading Up 2.0 %

PVAL stock opened at $37.54 on Friday. The firm has a 50 day moving average of $38.40 and a 200-day moving average of $38.20. Putnam Focused Large Cap Value ETF has a 12 month low of $34.13 and a 12 month high of $40.07. The firm has a market capitalization of $2.19 billion, a P/E ratio of 19.44 and a beta of 0.90.

Putnam Focused Large Cap Value ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

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