Stonebridge Financial Group LLC MO Raises Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Stonebridge Financial Group LLC MO raised its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 28.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,178 shares of the company’s stock after acquiring an additional 17,969 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 3.1% of Stonebridge Financial Group LLC MO’s holdings, making the stock its 4th largest position. Stonebridge Financial Group LLC MO’s holdings in Putnam Focused Large Cap Value ETF were worth $3,720,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Putnam Focused Large Cap Value ETF by 14.7% in the 1st quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock valued at $2,798,000 after purchasing an additional 9,442 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter worth about $2,380,000. JPMorgan Chase & Co. lifted its position in shares of Putnam Focused Large Cap Value ETF by 124.2% in the second quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock worth $1,121,000 after buying an additional 15,435 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $94,000. Finally, Brown Advisory Inc. boosted its position in Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the period.

Putnam Focused Large Cap Value ETF Trading Up 0.3%

NYSEARCA:PVAL opened at $51.55 on Tuesday. Putnam Focused Large Cap Value ETF has a 1 year low of $38.95 and a 1 year high of $52.13. The firm’s fifty day simple moving average is $49.92 and its 200 day simple moving average is $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 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.