Manchester Financial Inc. Buys New Stake in Putnam Focused Large Cap Value ETF $PVAL

Manchester Financial Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,479 shares of the company’s stock, valued at approximately $478,000.

Other hedge funds also recently bought and sold shares of the company. MCF Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter valued at $53,000. Global Retirement Partners LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter valued at $58,000. International Assets Investment Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter valued at $62,000. Fifth Third Bancorp purchased a new stake in Putnam Focused Large Cap Value ETF during the third quarter valued at $63,000. Finally, Franklin Resources Inc. purchased a new stake in Putnam Focused Large Cap Value ETF during the second quarter valued at $94,000.

Putnam Focused Large Cap Value ETF Stock Up 1.6%

Putnam Focused Large Cap Value ETF stock opened at $50.83 on Friday. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The firm’s fifty day moving average is $49.29 and its 200 day moving average is $47.54. Putnam Focused Large Cap Value ETF has a 52-week low of $38.93 and a 52-week high of $51.45.

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.