Cox Capital Mgt LLC Takes $767,000 Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Cox Capital Mgt LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 20,667 shares of the company’s stock, valued at approximately $767,000.

Several other institutional investors also recently bought and sold shares of PVAL. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $28,000. StoneX Group Inc. raised its stake in Putnam Focused Large Cap Value ETF by 3.2% in the 3rd quarter. StoneX Group Inc. now owns 30,989 shares of the company’s stock worth $1,176,000 after acquiring an additional 956 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter worth $40,000. Allworth Financial LP raised its stake in Putnam Focused Large Cap Value ETF by 79.8% in the 3rd quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock worth $98,000 after acquiring an additional 1,145 shares during the last quarter. Finally, Clear Point Advisors Inc. acquired a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $61,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $37.45 on Wednesday. The stock’s 50-day simple moving average is $38.40 and its 200-day simple moving average is $37.60. The firm has a market capitalization of $563.62 million, a PE ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a fifty-two week low of $30.83 and a fifty-two week high of $40.07.

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.