Spartan Wealth Advisory Services LLC Invests $584,000 in Putnam Focused Large Cap Value ETF $PVAL

Spartan Wealth Advisory Services LLC bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,580 shares of the company’s stock, valued at approximately $584,000.

Several other large investors also recently modified their holdings of the business. Bank of America Corp DE raised its position in Putnam Focused Large Cap Value ETF by 22.0% during the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after purchasing an additional 2,239,115 shares during the last quarter. Morgan Stanley grew its position in shares of Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock worth $435,956,000 after buying an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Putnam Focused Large Cap Value ETF by 27.6% in the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock worth $312,333,000 after buying an additional 1,484,571 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after buying an additional 1,009,485 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 4.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,124,640 shares of the company’s stock valued at $233,530,000 after buying an additional 234,950 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $51.95 on Monday. The company has a market cap of $12.47 billion, a PE ratio of 17.86 and a beta of 0.84. The business has a 50 day moving average of $50.94 and a 200 day moving average of $48.72. Putnam Focused Large Cap Value ETF has a 52 week low of $39.71 and a 52 week high of $52.31.

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.