Merit Financial Group LLC Makes New Investment in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Merit Financial Group LLC bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,285 shares of the company’s stock, valued at approximately $544,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth $475,000. Harbour Investments Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 17.4% during the 4th quarter. Harbour Investments Inc. now owns 57,376 shares of the company’s stock worth $2,130,000 after acquiring an additional 8,492 shares during the period. HighTower Advisors LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 20.5% during the 4th quarter. HighTower Advisors LLC now owns 85,400 shares of the company’s stock worth $3,170,000 after acquiring an additional 14,555 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 41.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 434,701 shares of the company’s stock worth $16,136,000 after acquiring an additional 126,871 shares during the period. Finally, Comerica Bank raised its holdings in shares of Putnam Focused Large Cap Value ETF by 5.0% during the 4th quarter. Comerica Bank now owns 5,509 shares of the company’s stock worth $204,000 after acquiring an additional 260 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.2%

NYSEARCA PVAL opened at $39.09 on Tuesday. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $40.07. The business’s fifty day simple moving average is $37.02 and its 200-day simple moving average is $37.88. The firm has a market cap of $2.98 billion, a PE ratio of 19.60 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.