Simplicity Wealth LLC Makes New Investment in Putnam Focused Large Cap Value ETF $PVAL

Simplicity Wealth LLC acquired a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,818 shares of the company’s stock, valued at approximately $688,000.

A number of other institutional investors also recently made changes to their positions in the business. Robinson Smith Wealth Advisors LLC lifted its stake in Putnam Focused Large Cap Value ETF by 251.8% in the first quarter. Robinson Smith Wealth Advisors LLC now owns 188,877 shares of the company’s stock worth $8,764,000 after purchasing an additional 135,187 shares during the last quarter. ATX Financial Planning LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 226.4% during the first quarter. ATX Financial Planning LLC now owns 85,608 shares of the company’s stock valued at $3,972,000 after buying an additional 59,378 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF by 37.0% in the first quarter. Kestra Advisory Services LLC now owns 1,307,934 shares of the company’s stock worth $60,688,000 after buying an additional 353,534 shares during the period. Stephens Inc. AR increased its holdings in shares of Putnam Focused Large Cap Value ETF by 6.5% in the first quarter. Stephens Inc. AR now owns 93,276 shares of the company’s stock worth $4,328,000 after buying an additional 5,659 shares during the period. Finally, Baer Investment Advisory LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 1st quarter valued at about $2,711,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $51.87 on Tuesday. The stock has a market capitalization of $12.33 billion, a PE 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. The business has a 50-day moving average of $50.74 and a 200 day moving average of $48.55.

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.