AdvisorNet Financial Inc Grows Holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

AdvisorNet Financial Inc raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 37.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,160 shares of the company’s stock after buying an additional 16,267 shares during the period. AdvisorNet Financial Inc owned approximately 0.48% of Putnam Focused Large Cap Value ETF worth $2,114,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PVAL. Baker Tilly Wealth Management LLC bought a new position in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $226,000. Essex Financial Services Inc. bought a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at about $232,000. Truist Financial Corp raised its stake in Putnam Focused Large Cap Value ETF by 152.4% during the fourth quarter. Truist Financial Corp now owns 19,751 shares of the company’s stock valued at $623,000 after buying an additional 11,927 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Putnam Focused Large Cap Value ETF during the 4th quarter worth approximately $681,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth approximately $882,000.

Putnam Focused Large Cap Value ETF Trading Up 0.8 %

PVAL stock opened at $36.50 on Tuesday. The stock’s 50 day simple moving average is $35.69 and its 200 day simple moving average is $33.89. Putnam Focused Large Cap Value ETF has a 12-month low of $27.68 and a 12-month high of $36.60. The firm has a market cap of $549.33 million, a P/E ratio of 16.48 and a beta of 0.82.

Putnam Focused Large Cap Value ETF Profile

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.