Kestra Advisory Services LLC Increases Stock Holdings in Putnam Focused Large Cap Value ETF $PVAL

Kestra Advisory Services LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 37.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,307,934 shares of the company’s stock after buying an additional 353,534 shares during the period. Kestra Advisory Services LLC owned approximately 0.65% of Putnam Focused Large Cap Value ETF worth $60,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the first quarter worth about $27,000. Parkside Financial Bank & Trust purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at approximately $52,000. MCF Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter valued at approximately $53,000. Global Retirement Partners LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $58,000. Finally, International Assets Investment Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $62,000.

Putnam Focused Large Cap Value ETF Trading Up 0.4%

NYSEARCA:PVAL opened at $51.55 on Friday. The company has a market cap of $12.13 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a twelve month low of $39.71 and a twelve month high of $52.13. The company’s 50 day moving average is $50.62 and its two-hundred day moving average is $48.47.

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.