First United Bank & Trust Acquires Shares of 25,795 Putnam Focused Large Cap Value ETF $PVAL

First United Bank & Trust acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,795 shares of the company’s stock, valued at approximately $1,197,000.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter valued at about $27,000. Parkside Financial Bank & Trust purchased a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $52,000. MCF Advisors LLC purchased a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $53,000. Global Retirement Partners LLC purchased a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $58,000. Finally, International Assets Investment Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $62,000.

Putnam Focused Large Cap Value ETF Trading Down 0.8%

Shares of PVAL opened at $50.95 on Friday. Putnam Focused Large Cap Value ETF has a twelve month low of $39.71 and a twelve month high of $52.13. The stock’s 50 day moving average is $50.15 and its two-hundred day moving average is $48.06. The firm has a market capitalization of $10.36 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.