Manchester Financial Inc. Makes New $478,000 Investment in Putnam Focused Large Cap Value ETF $PVAL

Manchester Financial Inc. purchased a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,479 shares of the company’s stock, valued at approximately $478,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PVAL. MCF Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at $53,000. Global Retirement Partners LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at $58,000. International Assets Investment Management LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at $62,000. Fifth Third Bancorp bought a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $63,000. Finally, Franklin Resources Inc. bought a new stake in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $94,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of NYSEARCA PVAL opened at $50.83 on Friday. The company has a market cap of $10.33 billion, a P/E ratio of 17.86 and a beta of 0.84. The firm’s fifty day moving average is $49.29 and its two-hundred day moving average is $47.54. Putnam Focused Large Cap Value ETF has a 52-week low of $38.93 and a 52-week high of $51.45.

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.