Marks Group Wealth Management Inc Makes New $989,000 Investment in Putnam Focused Large Cap Value ETF $PVAL

Marks Group Wealth Management Inc bought a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,695 shares of the company’s stock, valued at approximately $989,000.

Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth $53,000. Global Retirement Partners LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at $58,000. International Assets Investment Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at $62,000. Fifth Third Bancorp bought a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter valued at $63,000. Finally, Franklin Resources Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at $94,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL opened at $50.70 on Wednesday. The company has a market cap of $10.31 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a 1 year low of $38.93 and a 1 year high of $51.45. The stock’s fifty day moving average price is $49.12 and its 200-day moving average price is $47.44.

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.