Principle Wealth Partners LLC Purchases Shares of 7,513 Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Principle Wealth Partners LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 7,513 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Opal Wealth Advisors LLC boosted its position in shares of Putnam Focused Large Cap Value ETF by 2.2% during the 4th quarter. Opal Wealth Advisors LLC now owns 1,214,952 shares of the company’s stock valued at $45,099,000 after purchasing an additional 25,687 shares in the last quarter. GGM Financials LLC raised its stake in Putnam Focused Large Cap Value ETF by 2.9% during the 4th quarter. GGM Financials LLC now owns 412,635 shares of the company’s stock worth $15,317,000 after buying an additional 11,678 shares during the period. Kestra Private Wealth Services LLC raised its stake in Putnam Focused Large Cap Value ETF by 4.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 59,814 shares of the company’s stock worth $2,220,000 after buying an additional 2,528 shares during the period. Tempus Wealth Planning LLC acquired a new position in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $3,991,000. Finally, CENTRAL TRUST Co raised its stake in Putnam Focused Large Cap Value ETF by 104.8% during the 4th quarter. CENTRAL TRUST Co now owns 90,221 shares of the company’s stock worth $3,349,000 after buying an additional 46,158 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL stock opened at $39.24 on Wednesday. The company has a market cap of $590.56 million, a P/E ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.00 and a fifty-two week high of $40.07. The stock’s 50 day simple moving average is $38.17 and its 200 day simple moving average is $37.87.

Putnam Focused Large Cap Value ETF Company 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.