Turtle Creek Wealth Advisors LLC Cuts Stock Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Turtle Creek Wealth Advisors LLC lessened its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 70.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,580 shares of the company’s stock after selling 124,915 shares during the period. Turtle Creek Wealth Advisors LLC owned 0.34% of Putnam Focused Large Cap Value ETF worth $1,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nvest Financial LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $353,000. SteelPeak Wealth LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 272.8% during the fourth quarter. SteelPeak Wealth LLC now owns 40,810 shares of the company’s stock worth $1,515,000 after acquiring an additional 29,862 shares during the last quarter. Embree Financial Group purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $1,543,000. Dynamic Advisor Solutions LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 48.7% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 23,582 shares of the company’s stock worth $875,000 after acquiring an additional 7,719 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $333,000.

Putnam Focused Large Cap Value ETF Stock Up 0.9 %

Putnam Focused Large Cap Value ETF stock opened at $39.10 on Friday. Putnam Focused Large Cap Value ETF has a 52 week low of $31.95 and a 52 week high of $40.07. The company has a market capitalization of $588.46 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. The stock has a 50-day moving average price of $38.29 and a 200 day moving average price of $37.78.

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.