Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA boosted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,154,285 shares of the company’s stock after purchasing an additional 734,798 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 1.6% of Glenmede Trust Co. NA’s investment portfolio, making the stock its 9th biggest position. Glenmede Trust Co. NA’s holdings in Putnam Focused Large Cap Value ETF were worth $331,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Essex Financial Services Inc. grew its stake in Putnam Focused Large Cap Value ETF by 22.2% in the 1st quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock valued at $6,578,000 after buying an additional 25,732 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Putnam Focused Large Cap Value ETF by 40.4% during the fourth quarter. Diversify Advisory Services LLC now owns 170,008 shares of the company’s stock worth $7,990,000 after acquiring an additional 48,948 shares during the last quarter. Aspire Capital Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $596,000. Sowa Financial Group Inc. lifted its position in Putnam Focused Large Cap Value ETF by 4.1% during the fourth quarter. Sowa Financial Group Inc. now owns 571,015 shares of the company’s stock worth $26,021,000 after acquiring an additional 22,742 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 209.7% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 167,421 shares of the company’s stock worth $7,629,000 after acquiring an additional 113,361 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.1%

Shares of NYSEARCA:PVAL opened at $53.41 on Friday. Putnam Focused Large Cap Value ETF has a 12-month low of $39.71 and a 12-month high of $53.52. The business has a 50 day moving average of $51.49 and a 200-day moving average of $49.14. The stock has a market cap of $13.31 billion, a PE ratio of 17.86 and a beta of 0.84.

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.