Brown Advisory Inc. Invests $468,000 in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Brown Advisory Inc. purchased a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the first quarter, HoldingsChannel reports. The firm purchased 12,302 shares of the company’s stock, valued at approximately $468,000.

A number of other hedge funds have also recently made changes to their positions in PVAL. Bank of New York Mellon Corp grew its holdings in Putnam Focused Large Cap Value ETF by 5.6% during the 4th quarter. Bank of New York Mellon Corp now owns 65,693 shares of the company’s stock worth $2,439,000 after acquiring an additional 3,455 shares in the last quarter. Raymond James Financial Inc. bought a new position in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $212,000. HighTower Advisors LLC grew its holdings in 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 in the last quarter. Harbour Investments Inc. grew its holdings in 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 in the last quarter. Finally, Cozad Asset Management Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 26.7% during the fourth quarter. Cozad Asset Management Inc. now owns 6,949 shares of the company’s stock valued at $258,000 after buying an additional 1,466 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL stock opened at $40.50 on Wednesday. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89. The firm has a 50-day simple moving average of $39.23 and a two-hundred day simple moving average of $38.15. Putnam Focused Large Cap Value ETF has a one year low of $32.83 and a one year high of $41.13.

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.