19,449 Shares of Putnam Focused Large Cap Value ETF $PVAL Acquired by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,449 shares of the company’s stock, valued at approximately $1,023,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Putnam Focused Large Cap Value ETF by 48.4% during the 1st quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after purchasing an additional 11,707,304 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at $448,572,000. Cetera Investment Advisers increased its position in shares of Putnam Focused Large Cap Value ETF by 21.6% during the 1st quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after purchasing an additional 1,483,240 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Putnam Focused Large Cap Value ETF by 11.4% in the 1st quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after buying an additional 734,798 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock worth $275,167,000 after buying an additional 762,099 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $55.03 on Tuesday. The company has a market capitalization of $15.72 billion, a PE ratio of 17.86 and a beta of 0.83. The stock’s fifty day moving average is $53.85 and its 200-day moving average is $50.91. Putnam Focused Large Cap Value ETF has a one year low of $42.76 and a one year high of $55.91.

Putnam Focused Large Cap Value ETF Company 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.