Putnam Focused Large Cap Value ETF $PVAL Stock Acquired by FSA Wealth Partners Inc.

FSA Wealth Partners Inc. boosted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 22.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 59,291 shares of the company’s stock after purchasing an additional 10,986 shares during the quarter. Putnam Focused Large Cap Value ETF makes up about 0.8% of FSA Wealth Partners Inc.’s portfolio, making the stock its 25th largest position. FSA Wealth Partners Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $3,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Essex Financial Services Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 22.2% during the first quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock valued at $6,578,000 after buying an additional 25,732 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its position in Putnam Focused Large Cap Value ETF by 19.6% during the second quarter. Key Client Fiduciary Advisors LLC now owns 247,817 shares of the company’s stock worth $12,626,000 after buying an additional 40,683 shares in the last quarter. Capital Analysts LLC grew its position in Putnam Focused Large Cap Value ETF by 9.2% during the second quarter. Capital Analysts LLC now owns 1,190,333 shares of the company’s stock worth $60,647,000 after buying an additional 99,997 shares in the last quarter. Sanctuary Advisors LLC grew its position in Putnam Focused Large Cap Value ETF by 19.0% during the first quarter. Sanctuary Advisors LLC now owns 1,183,884 shares of the company’s stock worth $54,932,000 after buying an additional 188,615 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in Putnam Focused Large Cap Value ETF by 70.8% during the first quarter. Quantinno Capital Management LP now owns 22,777 shares of the company’s stock worth $1,057,000 after buying an additional 9,445 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.5%

Shares of PVAL opened at $54.17 on Tuesday. Putnam Focused Large Cap Value ETF has a 12-month low of $42.76 and a 12-month high of $54.70. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The stock’s 50-day moving average price is $53.80 and its 200 day moving average price is $50.48.

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.