Patriot Financial Group Insurance Agency LLC Buys 113,578 Shares of Putnam Focused Large Cap Value ETF $PVAL

Patriot Financial Group Insurance Agency LLC lifted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 87.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,866 shares of the company’s stock after purchasing an additional 113,578 shares during the period. Patriot Financial Group Insurance Agency LLC owned 0.12% of Putnam Focused Large Cap Value ETF worth $11,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PVAL. Royal Bank of Canada lifted its holdings in Putnam Focused Large Cap Value ETF by 14.7% during the 1st quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after buying an additional 9,442 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 1st quarter valued at $2,380,000. JPMorgan Chase & Co. increased its stake in shares of Putnam Focused Large Cap Value ETF by 124.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock valued at $1,121,000 after buying an additional 15,435 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $94,000. Finally, Brown Advisory Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after acquiring an additional 300 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Down 0.8%

Shares of PVAL opened at $50.95 on Friday. Putnam Focused Large Cap Value ETF has a 12-month low of $39.71 and a 12-month high of $52.13. The firm has a market capitalization of $10.36 billion, a PE ratio of 17.86 and a beta of 0.84. The stock’s fifty day simple moving average is $50.15 and its 200-day simple moving average is $48.06.

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.