Thurston Springer Miller Herd & Titak Inc. Takes $28,000 Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 761 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PVAL. Bank of New York Mellon Corp acquired a new position in Putnam Focused Large Cap Value ETF during the second quarter worth $1,162,000. Envestnet Asset Management Inc. boosted its holdings in Putnam Focused Large Cap Value ETF by 106.4% during the second quarter. Envestnet Asset Management Inc. now owns 73,987 shares of the company’s stock worth $2,686,000 after purchasing an additional 38,142 shares during the last quarter. Clear Point Advisors Inc. acquired a new position in Putnam Focused Large Cap Value ETF during the second quarter worth $61,000. Northwestern Mutual Wealth Management Co. acquired a new position in Putnam Focused Large Cap Value ETF during the second quarter worth $40,000. Finally, Truist Financial Corp boosted its holdings in Putnam Focused Large Cap Value ETF by 36.5% during the second quarter. Truist Financial Corp now owns 66,940 shares of the company’s stock worth $2,430,000 after purchasing an additional 17,885 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.5 %

Shares of PVAL opened at $38.33 on Friday. The firm has a fifty day simple moving average of $38.33 and a 200 day simple moving average of $37.63. Putnam Focused Large Cap Value ETF has a 12 month low of $30.83 and a 12 month high of $40.07. The stock has a market capitalization of $576.87 million, a price-to-earnings ratio of 16.48 and a beta of 0.82.

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.