Sax Wealth Advisors LLC Buys New Stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Sax Wealth Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 88,648 shares of the company’s stock, valued at approximately $3,291,000.

Other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. acquired a new position in Putnam Focused Large Cap Value ETF during the second quarter worth $40,000. Clear Point Advisors Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at $61,000. Allworth Financial LP lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 79.8% during the third quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock valued at $98,000 after acquiring an additional 1,145 shares during the period. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $205,000.

Putnam Focused Large Cap Value ETF Stock Up 0.5 %

Shares of Putnam Focused Large Cap Value ETF stock opened at $38.33 on Friday. The stock has a market capitalization of $576.87 million, a P/E ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a 12-month low of $30.83 and a 12-month high of $40.07. The company has a 50-day simple moving average of $38.35 and a 200 day simple moving average of $37.62.

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.