Brookstone Capital Management Purchases New Shares in Putnam Focused Large Cap Value ETF $PVAL

Brookstone Capital Management acquired a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the first quarter, HoldingsChannel reports. The fund acquired 279,343 shares of the company’s stock, valued at approximately $12,962,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Parkside Financial Bank & Trust purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth about $52,000. MCF Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $53,000. Global Retirement Partners LLC bought a new position in Putnam Focused Large Cap Value ETF in the fourth quarter worth about $58,000. International Assets Investment Management LLC bought a new position in Putnam Focused Large Cap Value ETF in the fourth quarter worth about $62,000. Finally, Fifth Third Bancorp purchased a new stake in Putnam Focused Large Cap Value ETF in the third quarter worth about $63,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL opened at $51.55 on Tuesday. The company has a 50-day simple moving average of $49.92 and a two-hundred day simple moving average of $47.90. The firm has a market capitalization of $10.48 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a one year low of $38.95 and a one year high of $52.13.

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.