Park Avenue Securities LLC Sells 17,230 Shares of Putnam Focused Large Cap Value ETF $PVAL

Park Avenue Securities LLC lowered its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 65.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,046 shares of the company’s stock after selling 17,230 shares during the quarter. Park Avenue Securities LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $476,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Verdence Capital Advisors LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 4.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 17,173 shares of the company’s stock worth $904,000 after purchasing an additional 679 shares during the last quarter. FSA Wealth Partners Inc. grew its position in shares of Putnam Focused Large Cap Value ETF by 22.7% in the third quarter. FSA Wealth Partners Inc. now owns 59,291 shares of the company’s stock valued at $3,120,000 after purchasing an additional 10,986 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in Putnam Focused Large Cap Value ETF by 325.4% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 46,818 shares of the company’s stock worth $2,464,000 after buying an additional 35,812 shares during the period. Sigma Planning Corp acquired a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $7,613,000. Finally, Trademark Financial Management LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 5.2% in the third quarter. Trademark Financial Management LLC now owns 288,698 shares of the company’s stock valued at $15,191,000 after buying an additional 14,299 shares during the period.

Putnam Focused Large Cap Value ETF Stock Down 0.3%

Shares of PVAL traded down $0.18 during trading hours on Friday, hitting $53.83. 2,423,782 shares of the company were exchanged, compared to its average volume of 1,694,632. The company has a market cap of $15.31 billion, a price-to-earnings ratio of 17.86 and a beta of 0.83. Putnam Focused Large Cap Value ETF has a fifty-two week low of $42.76 and a fifty-two week high of $55.91. The firm’s fifty day moving average is $53.83 and its 200 day moving average is $50.87.

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.