Jane Street Group LLC Cuts Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Jane Street Group LLC trimmed its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 45.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,987 shares of the company’s stock after selling 35,994 shares during the quarter. Jane Street Group LLC owned 0.29% of Putnam Focused Large Cap Value ETF worth $1,669,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PVAL. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth approximately $40,000. Clear Point Advisors Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at $61,000. Allworth Financial LP raised its stake in shares of Putnam Focused Large Cap Value ETF by 79.8% in the third quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock valued at $98,000 after buying an additional 1,145 shares during the period. Verdence Capital Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $205,000. Finally, Cozad Asset Management Inc. bought a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $208,000.

Putnam Focused Large Cap Value ETF Stock Up 0.3 %

NYSEARCA PVAL opened at $37.69 on Friday. The company has a market cap of $567.23 million, a PE ratio of 16.48 and a beta of 0.82. The firm’s 50-day simple moving average is $38.61 and its two-hundred day simple moving average is $37.50. Putnam Focused Large Cap Value ETF has a 52 week low of $30.83 and a 52 week high of $40.07.

Putnam Focused Large Cap Value ETF Company 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.