Janney Montgomery Scott LLC Boosts Position in Putnam Focused Large Cap Value ETF $PVAL

Janney Montgomery Scott LLC grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 12.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 428,069 shares of the company’s stock after buying an additional 47,057 shares during the quarter. Janney Montgomery Scott LLC owned 0.49% of Putnam Focused Large Cap Value ETF worth $17,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Stephens Inc. AR increased its holdings in Putnam Focused Large Cap Value ETF by 2.5% during the 1st quarter. Stephens Inc. AR now owns 12,070 shares of the company’s stock valued at $460,000 after acquiring an additional 292 shares in the last quarter. Allworth Financial LP grew its position in shares of Putnam Focused Large Cap Value ETF by 11.2% in the first quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock valued at $109,000 after purchasing an additional 300 shares during the last quarter. Barnes Wealth Management Group Inc increased its stake in shares of Putnam Focused Large Cap Value ETF by 3.8% during the 1st quarter. Barnes Wealth Management Group Inc now owns 15,815 shares of the company’s stock worth $602,000 after purchasing an additional 578 shares in the last quarter. Key Client Fiduciary Advisors LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 6.6% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 10,028 shares of the company’s stock worth $403,000 after purchasing an additional 620 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in Putnam Focused Large Cap Value ETF by 9.6% in the 1st quarter. Verdence Capital Advisors LLC now owns 7,790 shares of the company’s stock valued at $297,000 after buying an additional 680 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock opened at $42.74 on Friday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $42.96. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89. The stock has a fifty day moving average of $41.66 and a two-hundred day moving average of $39.44.

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.