Raymond James Financial Inc. Makes New $212,000 Investment in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Raymond James Financial Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 4th quarter, Holdings Channel.com reports. The fund acquired 5,711 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $28,000. World Investment Advisors acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $240,000. Cozad Asset Management Inc. lifted its position in Putnam Focused Large Cap Value ETF by 26.7% during the 4th quarter. Cozad Asset Management Inc. now owns 6,949 shares of the company’s stock worth $258,000 after acquiring an additional 1,466 shares during the period. Verdence Capital Advisors LLC lifted its position in Putnam Focused Large Cap Value ETF by 31.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 7,110 shares of the company’s stock worth $264,000 after acquiring an additional 1,712 shares during the period. Finally, Principle Wealth Partners LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $279,000.

Putnam Focused Large Cap Value ETF Trading Up 2.6%

Putnam Focused Large Cap Value ETF stock opened at $38.47 on Tuesday. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $40.07. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 19.28 and a beta of 0.89. The stock has a 50 day moving average of $36.76 and a two-hundred day moving average of $37.91.

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.