HighTower Advisors LLC Boosts Stock Position in Putnam Focused Large Cap Value ETF $PVAL

HighTower Advisors LLC increased its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 3.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,228,854 shares of the company’s stock after buying an additional 38,758 shares during the period. HighTower Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $55,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prostatis Group LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $3,727,000. Aspire Capital Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $596,000. Glenmede Investment Management LP boosted its stake 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 valued at $247,224,000 after purchasing an additional 789,767 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in Putnam Focused Large Cap Value ETF by 135.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after purchasing an additional 3,360,792 shares during the last quarter. Finally, Auctus Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $43,589,000.

Putnam Focused Large Cap Value ETF Trading Up 0.9%

Shares of PVAL opened at $49.84 on Thursday. The business’s fifty day simple moving average is $47.89 and its two-hundred day simple moving average is $46.73. Putnam Focused Large Cap Value ETF has a 12 month low of $37.56 and a 12 month high of $50.36. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 17.86 and a beta of 0.85.

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.