Cedar Mountain Advisors LLC Purchases Shares of 14,166 Putnam Focused Large Cap Value ETF $PVAL

Cedar Mountain Advisors LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the second quarter, HoldingsChannel reports. The institutional investor acquired 14,166 shares of the company’s stock, valued at approximately $722,000.

Several other institutional investors have also modified their holdings of PVAL. Blue Trust Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 1st quarter valued at $27,000. Parkside Financial Bank & Trust purchased a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at $52,000. MCF Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at $53,000. Global Retirement Partners LLC acquired a new position in Putnam Focused Large Cap Value ETF in the fourth quarter valued at $58,000. Finally, International Assets Investment Management LLC acquired a new position in Putnam Focused Large Cap Value ETF in the fourth quarter valued at $62,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $53.79 on Tuesday. The stock’s 50-day moving average is $51.56 and its two-hundred day moving average is $49.21. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1 year low of $40.05 and a 1 year high of $53.88.

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.