Putnam Focused Large Cap Value ETF $PVAL Stock Holdings Increased by Modern Wealth Management LLC

Modern Wealth Management LLC increased its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,304,807 shares of the company’s stock after acquiring an additional 319,556 shares during the period. Putnam Focused Large Cap Value ETF makes up about 1.8% of Modern Wealth Management LLC’s holdings, making the stock its 5th largest holding. Modern Wealth Management LLC owned about 1.13% of Putnam Focused Large Cap Value ETF worth $107,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PVAL. Bank of America Corp DE grew its stake in Putnam Focused Large Cap Value ETF by 22.0% during the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after purchasing an additional 2,239,115 shares in the last quarter. Morgan Stanley raised its position in Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after purchasing an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers raised its position in Putnam Focused Large Cap Value ETF by 21.6% in the 1st quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after purchasing an additional 1,483,240 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF by 17.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after buying an additional 1,009,485 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 4.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,124,640 shares of the company’s stock valued at $233,530,000 after buying an additional 234,950 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $52.05 on Friday. Putnam Focused Large Cap Value ETF has a one year low of $39.71 and a one year high of $52.52. The company has a market cap of $12.65 billion, a PE ratio of 17.86 and a beta of 0.84. The business has a 50-day simple moving average of $51.13 and a 200-day simple moving average of $48.90.

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.