Marks Group Wealth Management Inc Takes $989,000 Position in Putnam Focused Large Cap Value ETF $PVAL

Marks Group Wealth Management Inc purchased a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,695 shares of the company’s stock, valued at approximately $989,000.

A number of other hedge funds also recently bought and sold shares of the company. Allworth Financial LP increased its position in Putnam Focused Large Cap Value ETF by 7.3% during the fourth quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock valued at $146,000 after acquiring an additional 219 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Putnam Focused Large Cap Value ETF by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock valued at $432,000 after acquiring an additional 249 shares during the last quarter. Brown Advisory Inc. increased its position in Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after acquiring an additional 300 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in Putnam Focused Large Cap Value ETF by 1.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock valued at $1,274,000 after acquiring an additional 413 shares during the last quarter. Finally, Advisor OS LLC increased its position in Putnam Focused Large Cap Value ETF by 2.8% during the fourth quarter. Advisor OS LLC now owns 16,093 shares of the company’s stock valued at $733,000 after acquiring an additional 435 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock opened at $50.70 on Wednesday. The stock has a market cap of $10.31 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a one year low of $38.93 and a one year high of $51.45. The stock has a fifty day moving average of $49.12 and a 200 day moving average of $47.44.

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.