10,699 Shares in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. purchased a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the third quarter, HoldingsChannel.com reports. The firm purchased 10,699 shares of the company’s stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sanctuary Advisors LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 2,963.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 369,834 shares of the company’s stock worth $14,638,000 after purchasing an additional 357,761 shares during the period. Fulcrum Equity Management bought a new position in Putnam Focused Large Cap Value ETF in the third quarter worth about $248,000. MML Investors Services LLC lifted its holdings in Putnam Focused Large Cap Value ETF by 980.0% in the third quarter. MML Investors Services LLC now owns 72,147 shares of the company’s stock worth $2,737,000 after buying an additional 65,467 shares during the period. Stifel Financial Corp boosted its position in Putnam Focused Large Cap Value ETF by 3.8% during 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 in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 35.0% during the 3rd quarter. HighTower Advisors LLC now owns 70,845 shares of the company’s stock worth $2,682,000 after acquiring an additional 18,373 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of NYSEARCA:PVAL opened at $38.74 on Thursday. Putnam Focused Large Cap Value ETF has a 52-week low of $31.95 and a 52-week high of $40.07. The firm has a market capitalization of $583.04 million, a P/E ratio of 16.48 and a beta of 0.82. The stock has a 50 day moving average price of $38.30 and a 200-day moving average price of $37.76.

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.