Kelleher Financial Advisors Buys 18,282 Shares of Putnam Focused Large Cap Value ETF $PVAL

Kelleher Financial Advisors raised its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 8.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 230,332 shares of the company’s stock after buying an additional 18,282 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for 3.2% of Kelleher Financial Advisors’ investment portfolio, making the stock its 7th biggest holding. Kelleher Financial Advisors’ holdings in Putnam Focused Large Cap Value ETF were worth $12,120,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PVAL. Bank of America Corp DE increased its position in shares of Putnam Focused Large Cap Value ETF by 48.4% during the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after purchasing an additional 11,707,304 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 21.6% during the 1st quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after purchasing an additional 1,483,240 shares during the last quarter. Bouchey Financial Group Ltd. acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth $39,360,000. Envestnet Asset Management Inc. boosted its position in shares of Putnam Focused Large Cap Value ETF by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock worth $275,167,000 after purchasing an additional 762,099 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Putnam Focused Large Cap Value ETF by 11.4% in the 1st quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after purchasing an additional 734,798 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $55.64 on Thursday. Putnam Focused Large Cap Value ETF has a 1-year low of $42.76 and a 1-year high of $55.71. The stock’s fifty day moving average price is $53.85 and its 200 day moving average price is $50.80. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 17.86 and a beta of 0.83.

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.