Verdence Capital Advisors LLC Boosts Stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Verdence Capital Advisors LLC grew its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 31.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,110 shares of the company’s stock after buying an additional 1,712 shares during the period. Verdence Capital Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PVAL. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Putnam Focused Large Cap Value ETF during the 4th quarter worth about $28,000. Cozad Asset Management Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth about $208,000. Fulcrum Equity Management acquired a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $248,000. Principle Wealth Partners LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at approximately $279,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the third quarter worth approximately $282,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL opened at $37.90 on Friday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $33.82 and a fifty-two week high of $40.07. The company has a market capitalization of $2.07 billion, a PE ratio of 20.51 and a beta of 0.90. The stock has a fifty day moving average of $38.39 and a two-hundred day moving average of $38.19.

Putnam Focused Large Cap Value ETF Company 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.