J.W. Cole Advisors Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 22.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 144,709 shares of the company’s stock after acquiring an additional 26,984 shares during the quarter. J.W. Cole Advisors Inc. owned approximately 0.09% of Putnam Focused Large Cap Value ETF worth $6,594,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $58,000. International Assets Investment Management LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $62,000. Fifth Third Bancorp bought a new stake in Putnam Focused Large Cap Value ETF during the 3rd quarter worth about $63,000. Franklin Resources Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $94,000. Finally, Signaturefd LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $120,000.
Putnam Focused Large Cap Value ETF Trading Down 1.6%
Shares of NYSEARCA PVAL opened at $50.53 on Friday. The firm has a market capitalization of $10.27 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1 year low of $38.81 and a 1 year high of $51.45. The firm’s 50-day moving average is $48.92 and its 200-day moving average is $47.30.
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.
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