Fulcrum Equity Management Buys Shares of 6,528 Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Fulcrum Equity Management purchased a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,528 shares of the company’s stock, valued at approximately $248,000.

A number of other large investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in Putnam Focused Large Cap Value ETF in the second quarter worth about $40,000. Clear Point Advisors Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $61,000. Allworth Financial LP lifted its stake in shares of Putnam Focused Large Cap Value ETF by 79.8% in the 3rd quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock worth $98,000 after acquiring an additional 1,145 shares during the period. Verdence Capital Advisors LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $205,000. Finally, Cozad Asset Management Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter valued at approximately $208,000.

Putnam Focused Large Cap Value ETF Price Performance

PVAL opened at $38.75 on Thursday. The business has a 50 day moving average price of $38.73 and a two-hundred day moving average price of $37.37. The company has a market capitalization of $583.19 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a 1-year low of $30.30 and a 1-year high of $40.07.

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.