Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by StoneCrest Wealth Management Inc.

StoneCrest Wealth Management Inc. boosted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 203,474 shares of the company’s stock after buying an additional 17,700 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for about 3.7% of StoneCrest Wealth Management Inc.’s investment portfolio, making the stock its 6th largest position. StoneCrest Wealth Management Inc. owned approximately 0.14% of Putnam Focused Large Cap Value ETF worth $9,272,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PVAL. M&T Bank Corp purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at $3,900,000. Prostatis Group LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $3,727,000. Cullen Frost Bankers Inc. increased its stake in Putnam Focused Large Cap Value ETF by 135.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after purchasing an additional 3,360,792 shares in the last quarter. Glenmede Investment Management LP raised its holdings in Putnam Focused Large Cap Value ETF by 15.8% during the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after buying an additional 789,767 shares during the period. Finally, Trademark Financial Management LLC lifted its stake in Putnam Focused Large Cap Value ETF by 429.2% during the third quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock valued at $6,149,000 after buying an additional 116,730 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL opened at $46.63 on Friday. The company has a 50-day moving average of $47.38 and a two-hundred day moving average of $45.31. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a one year low of $32.83 and a one year high of $49.13.

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.