13,210 Shares in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Acquired by Concourse Financial Group Securities Inc.

Concourse Financial Group Securities Inc. bought a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,210 shares of the company’s stock, valued at approximately $512,000. Concourse Financial Group Securities Inc. owned about 0.09% of Putnam Focused Large Cap Value ETF at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Amplius Wealth Advisors LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF by 10.3% in the fourth quarter. Amplius Wealth Advisors LLC now owns 1,727,791 shares of the company’s stock worth $64,136,000 after purchasing an additional 161,154 shares during the period. Commonwealth Equity Services LLC increased its stake in Putnam Focused Large Cap Value ETF by 52.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,227,015 shares of the company’s stock worth $45,547,000 after acquiring an additional 424,026 shares during the last quarter. Opal Wealth Advisors LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 2.2% in the 4th quarter. Opal Wealth Advisors LLC now owns 1,214,952 shares of the company’s stock valued at $45,099,000 after acquiring an additional 25,687 shares in the last quarter. Sowa Financial Group Inc. boosted its position in shares of Putnam Focused Large Cap Value ETF by 40.4% during the 4th quarter. Sowa Financial Group Inc. now owns 458,420 shares of the company’s stock valued at $17,017,000 after acquiring an additional 131,938 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 41.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 434,701 shares of the company’s stock worth $16,136,000 after purchasing an additional 126,871 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL opened at $34.78 on Tuesday. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $40.07. The company has a market capitalization of $2.32 billion, a P/E ratio of 18.80 and a beta of 0.89. The firm’s 50 day simple moving average is $37.34 and its 200 day simple moving average is $38.04.

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.