World Investment Advisors Purchases 32,468 Shares of Putnam Focused Large Cap Value ETF $PVAL

World Investment Advisors grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 163.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,277 shares of the company’s stock after buying an additional 32,468 shares during the quarter. World Investment Advisors’ holdings in Putnam Focused Large Cap Value ETF were worth $2,426,000 as of its most recent SEC filing.

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

Putnam Focused Large Cap Value ETF Trading Down 0.3%

Putnam Focused Large Cap Value ETF stock traded down $0.15 during mid-day trading on Tuesday, reaching $51.83. The company had a trading volume of 504,651 shares, compared to its average volume of 1,600,399. The business has a fifty day simple moving average of $50.38 and a 200 day simple moving average of $48.29. The company has a market cap of $12.08 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a fifty-two week low of $39.71 and a fifty-two week high of $52.13.

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.