Continuum Advisory LLC Makes New Investment in Putnam Focused Large Cap Value ETF $PVAL

Continuum Advisory LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 13,791 shares of the company’s stock, valued at approximately $628,000.

Other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $58,000. International Assets Investment Management LLC acquired a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $62,000. Fifth Third Bancorp acquired a new position in Putnam Focused Large Cap Value ETF during the third quarter worth approximately $63,000. Franklin Resources Inc. acquired a new position in Putnam Focused Large Cap Value ETF during the second quarter worth approximately $94,000. Finally, Signaturefd LLC acquired a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $120,000.

Putnam Focused Large Cap Value ETF Stock Down 1.6%

PVAL opened at $50.53 on Friday. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The business’s 50 day moving average is $48.92 and its two-hundred day moving average is $47.30. Putnam Focused Large Cap Value ETF has a 52 week low of $38.81 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.