Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 761 shares of the company’s stock, valued at approximately $28,000.
Several other hedge funds have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter worth approximately $40,000. Clear Point Advisors Inc. bought a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter worth approximately $61,000. Allworth Financial LP raised its holdings in Putnam Focused Large Cap Value ETF by 79.8% during the 3rd quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock worth $98,000 after purchasing an additional 1,145 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF during the 3rd quarter worth approximately $205,000. Finally, Cozad Asset Management Inc. bought a new position in Putnam Focused Large Cap Value ETF during the 3rd quarter worth approximately $208,000.
Putnam Focused Large Cap Value ETF Stock Performance
Putnam Focused Large Cap Value ETF stock opened at $38.33 on Friday. Putnam Focused Large Cap Value ETF has a 52-week low of $30.83 and a 52-week high of $40.07. The firm has a 50 day moving average price of $38.33 and a two-hundred day moving average price of $37.63. The firm has a market cap of $576.87 million, a price-to-earnings ratio of 16.48 and a beta of 0.82.
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.
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