NewEdge Advisors LLC Acquires 1,156 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

NewEdge Advisors LLC increased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,590 shares of the company’s stock after buying an additional 1,156 shares during the quarter. NewEdge Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $245,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LaSalle St. Investment Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at approximately $210,000. Coign Capital Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at $5,474,000. Raymond James Financial Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $212,000. Rollins Financial Advisors LLC lifted its holdings in Putnam Focused Large Cap Value ETF by 127.9% in the fourth quarter. Rollins Financial Advisors LLC now owns 16,646 shares of the company’s stock valued at $618,000 after buying an additional 9,341 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at $475,000.

Putnam Focused Large Cap Value ETF Trading Up 0.1 %

Shares of PVAL opened at $36.83 on Friday. The stock’s 50-day moving average price is $36.89 and its two-hundred day moving average price is $37.95. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $40.07. The stock has a market cap of $2.45 billion, a P/E ratio of 18.80 and a beta of 0.89.

Putnam Focused Large Cap Value ETF 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.