117,544 Shares in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Bought by Modern Wealth Management LLC

Modern Wealth Management LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 117,544 shares of the company’s stock, valued at approximately $4,599,000.

Other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter worth about $28,000. Raymond James Financial Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at approximately $212,000. Fulcrum Equity Management bought a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter valued at approximately $248,000. Cozad Asset Management Inc. raised its holdings in shares of Putnam Focused Large Cap Value ETF by 26.7% in the fourth quarter. Cozad Asset Management Inc. now owns 6,949 shares of the company’s stock worth $258,000 after buying an additional 1,466 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF by 31.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 7,110 shares of the company’s stock worth $264,000 after acquiring an additional 1,712 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 1.3 %

PVAL opened at $38.50 on Tuesday. The business has a fifty day moving average of $38.51 and a 200 day moving average of $38.25. Putnam Focused Large Cap Value ETF has a 52-week low of $34.14 and a 52-week high of $40.07. The stock has a market cap of $2.24 billion, a P/E ratio of 19.44 and a beta of 0.90.

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.