Dogwood Wealth Management LLC Raises Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Dogwood Wealth Management LLC boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,694 shares of the company’s stock after purchasing an additional 32,618 shares during the period. Putnam Focused Large Cap Value ETF comprises approximately 8.6% of Dogwood Wealth Management LLC’s investment portfolio, making the stock its biggest position. Dogwood Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $21,740,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Royal Bank of Canada grew its position 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 buying an additional 9,442 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the first quarter worth about $2,380,000. JPMorgan Chase & Co. raised its position in shares of Putnam Focused Large Cap Value ETF by 124.2% during the second quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock worth $1,121,000 after acquiring an additional 15,435 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter worth approximately $94,000. Finally, Brown Advisory Inc. lifted its stake in shares of Putnam Focused Large Cap Value ETF by 2.4% in the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after acquiring an additional 300 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $53.79 on Tuesday. The business’s 50 day simple moving average is $51.56 and its 200 day simple moving average is $49.21. Putnam Focused Large Cap Value ETF has a one year low of $40.05 and a one year high of $53.88. The stock has a market capitalization of $13.49 billion, a PE ratio of 17.86 and a beta of 0.84.

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.