Avantax Advisory Services Inc. raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 63.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,230 shares of the company’s stock after buying an additional 46,572 shares during the quarter. Avantax Advisory Services Inc. owned about 0.80% of Putnam Focused Large Cap Value ETF worth $4,463,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in PVAL. HighTower Advisors LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 20.5% during the 4th quarter. HighTower Advisors LLC now owns 85,400 shares of the company’s stock valued at $3,170,000 after purchasing an additional 14,555 shares during the period. New England Private Wealth Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at $4,329,000. Prosperity Financial Group Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 1.6% during the 4th quarter. Prosperity Financial Group Inc. now owns 135,998 shares of the company’s stock valued at $5,048,000 after purchasing an additional 2,167 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 71.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 85,091 shares of the company’s stock valued at $3,159,000 after purchasing an additional 35,360 shares during the period. Finally, Foundry Financial Group Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 6.0% during the 4th quarter. Foundry Financial Group Inc. now owns 149,630 shares of the company’s stock valued at $5,554,000 after purchasing an additional 8,458 shares during the period.
Putnam Focused Large Cap Value ETF Stock Performance
NYSEARCA:PVAL opened at $37.54 on Friday. Putnam Focused Large Cap Value ETF has a 52-week low of $34.13 and a 52-week high of $40.07. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 19.44 and a beta of 0.90. The business’s fifty day moving average is $38.40 and its 200 day moving average is $38.20.
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.
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