First Bank & Trust Makes New Investment in Putnam Focused Large Cap Value ETF $PVAL

First Bank & Trust purchased a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,737 shares of the company’s stock, valued at approximately $496,000.

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

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $54.45 on Wednesday. The company has a market cap of $13.74 billion, a PE ratio of 17.86 and a beta of 0.84. The stock has a 50-day moving average of $52.00 and a 200-day moving average of $49.52. Putnam Focused Large Cap Value ETF has a 52-week low of $40.61 and a 52-week high of $54.63.

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.