Midwest Capital Advisors LLC Purchases Shares of 79,666 Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Midwest Capital Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 79,666 shares of the company’s stock, valued at approximately $2,957,000. Putnam Focused Large Cap Value ETF accounts for approximately 2.2% of Midwest Capital Advisors LLC’s portfolio, making the stock its 11th biggest position. Midwest Capital Advisors LLC owned approximately 0.53% of Putnam Focused Large Cap Value ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Glenmede Trust Co. NA increased its position in Putnam Focused Large Cap Value ETF by 29.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,039,113 shares of the company’s stock valued at $77,364,000 after acquiring an additional 464,165 shares during the period. Amplius Wealth Advisors LLC increased its position in Putnam Focused Large Cap Value ETF by 10.3% in the 4th quarter. Amplius Wealth Advisors LLC now owns 1,727,791 shares of the company’s stock valued at $64,136,000 after acquiring an additional 161,154 shares during the period. Opal Wealth Advisors LLC increased its position in Putnam Focused Large Cap Value ETF by 2.2% in the 4th quarter. Opal Wealth Advisors LLC now owns 1,214,952 shares of the company’s stock valued at $45,099,000 after acquiring an additional 25,687 shares during the period. Stifel Financial Corp increased its position in Putnam Focused Large Cap Value ETF by 3.8% in the 3rd quarter. Stifel Financial Corp now owns 505,696 shares of the company’s stock valued at $19,186,000 after acquiring an additional 18,521 shares during the period. Finally, Sowa Financial Group Inc. increased its position in Putnam Focused Large Cap Value ETF by 40.4% in the 4th quarter. Sowa Financial Group Inc. now owns 458,420 shares of the company’s stock valued at $17,017,000 after acquiring an additional 131,938 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of NYSEARCA PVAL opened at $38.66 on Monday. Putnam Focused Large Cap Value ETF has a 52-week low of $32.90 and a 52-week high of $40.07. The firm has a 50 day moving average price of $38.22 and a two-hundred day moving average price of $38.04. The stock has a market cap of $2.11 billion, a P/E ratio of 20.51 and a beta of 0.90.

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.