Essex Financial Services Inc. Has $6.58 Million Holdings in Putnam Focused Large Cap Value ETF $PVAL

Essex Financial Services Inc. increased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 22.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,768 shares of the company’s stock after purchasing an additional 25,732 shares during the period. Essex Financial Services Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $6,578,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PVAL. Royal Bank of Canada lifted its position in Putnam Focused Large Cap Value ETF by 14.7% in the first quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after purchasing an additional 9,442 shares during the period. Jane Street Group LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter valued at about $2,380,000. JPMorgan Chase & Co. increased its stake in Putnam Focused Large Cap Value ETF by 124.2% in the second quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock valued at $1,121,000 after acquiring an additional 15,435 shares during the period. Franklin Resources Inc. acquired a new position in Putnam Focused Large Cap Value ETF in the second quarter worth about $94,000. Finally, Brown Advisory Inc. lifted its stake in Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the period.

Putnam Focused Large Cap Value ETF Trading Up 0.3%

NYSEARCA PVAL opened at $51.09 on Thursday. The stock’s 50 day moving average is $50.27 and its two-hundred day moving average is $48.20. The company has a market capitalization of $14.13 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 $39.71 and a 1-year high of $52.13.

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.