Putnam Focused Large Cap Value ETF $PVAL Holdings Lessened by Provident Wealth Management LLC

Provident Wealth Management LLC trimmed its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 24.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,107 shares of the company’s stock after selling 11,893 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for approximately 0.7% of Provident Wealth Management LLC’s holdings, making the stock its 22nd biggest holding. Provident Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,953,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PVAL. Blue Trust Inc. purchased a new position in Putnam Focused Large Cap Value ETF in the first quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Putnam Focused Large Cap Value ETF by 113.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock worth $72,000 after acquiring an additional 748 shares during the last quarter. Signature Equity Partners LLC bought a new stake in Putnam Focused Large Cap Value ETF during the first quarter worth approximately $75,000. Community Bank N.A. bought a new stake in Putnam Focused Large Cap Value ETF during the second quarter worth approximately $79,000. Finally, International Assets Investment Management LLC increased its stake in Putnam Focused Large Cap Value ETF by 44.4% during the first quarter. International Assets Investment Management LLC now owns 1,950 shares of the company’s stock worth $91,000 after acquiring an additional 600 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $54.16 on Wednesday. Putnam Focused Large Cap Value ETF has a 1 year low of $42.74 and a 1 year high of $54.70. The stock’s 50 day simple moving average is $53.81 and its two-hundred day simple moving average is $51.79. The company has a market cap of $14.96 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.