Green Ridge Wealth Planning LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL – Free Report) by 16.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 206,505 shares of the company’s stock after acquiring an additional 29,022 shares during the period. Putnam Focused Large Cap Value ETF accounts for approximately 4.4% of Green Ridge Wealth Planning LLC’s portfolio, making the stock its 7th biggest holding. Green Ridge Wealth Planning LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $10,521,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PVAL. Blue Trust Inc. purchased a new position in Putnam Focused Large Cap Value ETF in the 1st quarter valued at about $27,000. Parkside Financial Bank & Trust purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $52,000. MCF Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth about $53,000. Global Retirement Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at approximately $58,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at approximately $62,000.
Putnam Focused Large Cap Value ETF Stock Performance
Shares of PVAL opened at $54.26 on Friday. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The company’s 50 day simple moving average is $51.85 and its 200 day simple moving average is $49.39. Putnam Focused Large Cap Value ETF has a 1 year low of $40.27 and a 1 year high of $54.47.
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.
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