HighTower Advisors LLC Grows Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

HighTower Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 35.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,845 shares of the company’s stock after purchasing an additional 18,373 shares during the quarter. HighTower Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $2,682,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PVAL. Dynamic Advisor Solutions LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the second quarter worth $320,000. Atria Wealth Solutions Inc. acquired a new stake in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $2,126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Putnam Focused Large Cap Value ETF during the second quarter valued at about $272,000. Bank of New York Mellon Corp acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $1,162,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Putnam Focused Large Cap Value ETF by 250.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 130,023 shares of the company’s stock valued at $4,720,000 after purchasing an additional 92,916 shares during the period.

Putnam Focused Large Cap Value ETF Stock Down 0.6 %

Shares of Putnam Focused Large Cap Value ETF stock opened at $38.51 on Friday. The stock has a market capitalization of $579.58 million, a P/E ratio of 16.48 and a beta of 0.82. The stock has a 50 day moving average price of $38.73 and a two-hundred day moving average price of $37.37. Putnam Focused Large Cap Value ETF has a 12-month low of $30.41 and a 12-month high of $40.07.

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.