Arete Wealth Advisors LLC Raises Stock Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Arete Wealth Advisors LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 31.8% in the fourth quarter, Holdings Channel reports. The firm owned 366,788 shares of the company’s stock after buying an additional 88,393 shares during the period. Putnam Focused Large Cap Value ETF accounts for about 1.0% of Arete Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest position. Arete Wealth Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $13,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth approximately $212,000. World Investment Advisors purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $240,000. Fulcrum Equity Management purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth approximately $248,000. Finally, Cozad Asset Management Inc. raised its stake in Putnam Focused Large Cap Value ETF by 26.7% in the 4th quarter. Cozad Asset Management Inc. now owns 6,949 shares of the company’s stock valued at $258,000 after purchasing an additional 1,466 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.7 %

Shares of PVAL opened at $38.26 on Thursday. 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 $2.42 billion, a PE ratio of 20.00 and a beta of 0.90. The firm’s fifty day moving average is $38.49 and its two-hundred day moving average is $38.31.

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.