Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 31.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,110 shares of the company’s stock after purchasing an additional 1,712 shares during the period. Verdence Capital Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $28,000. Cozad Asset Management Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth approximately $208,000. Fulcrum Equity Management purchased a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at approximately $248,000. Principle Wealth Partners LLC acquired a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth $279,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the third quarter worth $282,000.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock opened at $37.90 on Friday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 20.51 and a beta of 0.90. Putnam Focused Large Cap Value ETF has a fifty-two week low of $33.82 and a fifty-two week high of $40.07. The stock’s fifty day moving average is $38.39 and its two-hundred day moving average is $38.19.

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.