Rockefeller Capital Management L.P. lifted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 509.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 551,609 shares of the company’s stock after buying an additional 461,155 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.34% of Putnam Focused Large Cap Value ETF worth $25,137,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parkside Financial Bank & Trust purchased a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter valued at $52,000. MCF Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth $53,000. Global Retirement Partners LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth about $58,000. International Assets Investment Management LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth about $62,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at about $63,000.
Putnam Focused Large Cap Value ETF Price Performance
Shares of PVAL stock opened at $51.55 on Tuesday. The company has a market cap of $10.48 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1 year low of $38.95 and a 1 year high of $52.13. The stock’s 50 day simple moving average is $49.92 and its two-hundred day simple moving average is $47.90.
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.
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