RFG Advisory LLC Raises Stock Holdings in Putnam Focused Large Cap Value ETF $PVAL

RFG Advisory LLC raised its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 880,823 shares of the company’s stock after buying an additional 121,618 shares during the quarter. Putnam Focused Large Cap Value ETF comprises about 0.8% of RFG Advisory LLC’s investment portfolio, making the stock its 15th largest holding. RFG Advisory LLC owned approximately 0.45% of Putnam Focused Large Cap Value ETF worth $40,870,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Faithward Advisors LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 9.6% in the first quarter. Faithward Advisors LLC now owns 74,254 shares of the company’s stock worth $3,575,000 after acquiring an additional 6,530 shares in the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 59.2% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 11,260 shares of the company’s stock valued at $522,000 after acquiring an additional 4,185 shares during the last quarter. Stonebridge Financial Group LLC MO grew its position in Putnam Focused Large Cap Value ETF by 28.9% during the 1st quarter. Stonebridge Financial Group LLC MO now owns 80,178 shares of the company’s stock worth $3,720,000 after purchasing an additional 17,969 shares during the period. AdvisorNet Financial Inc grew its holdings in Putnam Focused Large Cap Value ETF by 6.8% during the first quarter. AdvisorNet Financial Inc now owns 564,219 shares of the company’s stock worth $26,180,000 after acquiring an additional 36,044 shares during the period. Finally, Brookstone Capital Management acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $12,962,000.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $51.07 on Thursday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $39.51 and a fifty-two week high of $52.13. The company has a fifty day moving average of $50.05 and a two-hundred day moving average of $47.99. The stock has a market capitalization of $10.38 billion, a price-to-earnings 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.