IFP Advisors Inc Buys 2,175 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

IFP Advisors Inc raised its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,688 shares of the company’s stock after acquiring an additional 2,175 shares during the period. IFP Advisors Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PVAL. Glenmede Trust Co. NA lifted its stake in Putnam Focused Large Cap Value ETF by 29.5% in the third quarter. Glenmede Trust Co. NA now owns 2,039,113 shares of the company’s stock valued at $77,364,000 after buying an additional 464,165 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Putnam Focused Large Cap Value ETF by 2,963.3% in the third quarter. Sanctuary Advisors LLC now owns 369,834 shares of the company’s stock valued at $14,638,000 after buying an additional 357,761 shares in the last quarter. Atria Investments Inc bought a new position in Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $6,790,000. Turtle Creek Wealth Advisors LLC bought a new position in Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $6,696,000. Finally, Empire Life Investments Inc. bought a new position in Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $6,418,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL opened at $39.00 on Friday. Putnam Focused Large Cap Value ETF has a twelve month low of $33.45 and a twelve month high of $40.07. The firm’s 50 day moving average price is $38.35 and its two-hundred day moving average price is $38.13. The firm has a market cap of $2.13 billion, a P/E ratio of 20.51 and a beta of 0.90.

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.