Glenmede Trust Co. NA Increases Stock Holdings in Putnam Focused Large Cap Value ETF $PVAL

Glenmede Trust Co. NA increased its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,154,285 shares of the company’s stock after buying an additional 734,798 shares during the quarter. Putnam Focused Large Cap Value ETF makes up 1.6% of Glenmede Trust Co. NA’s holdings, making the stock its 9th biggest position. Glenmede Trust Co. NA owned about 3.52% of Putnam Focused Large Cap Value ETF worth $331,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in Putnam Focused Large Cap Value ETF by 14.7% during the first quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after buying an additional 9,442 shares during the last quarter. Jane Street Group LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the first quarter valued at $2,380,000. JPMorgan Chase & Co. grew its position in shares of Putnam Focused Large Cap Value ETF by 124.2% in the 2nd 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. bought a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $94,000. Finally, Brown Advisory Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 2.4% during the 2nd 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 last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Putnam Focused Large Cap Value ETF stock opened at $53.41 on Friday. The company’s 50-day moving average is $51.49 and its 200-day moving average is $49.14. The firm has a market capitalization of $13.31 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a fifty-two week low of $39.71 and a fifty-two week high of $53.52.

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.