Putnam Focused Large Cap Value ETF $PVAL Stock: Park Avenue Securities LLC Reduces Stake

Park Avenue Securities LLC trimmed its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 65.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,046 shares of the company’s stock after selling 17,230 shares during the quarter. Park Avenue Securities LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Verdence Capital Advisors LLC raised its holdings in Putnam Focused Large Cap Value ETF by 4.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 17,173 shares of the company’s stock worth $904,000 after purchasing an additional 679 shares during the last quarter. FSA Wealth Partners Inc. boosted its holdings in Putnam Focused Large Cap Value ETF by 22.7% in the third quarter. FSA Wealth Partners Inc. now owns 59,291 shares of the company’s stock worth $3,120,000 after acquiring an additional 10,986 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Putnam Focused Large Cap Value ETF by 325.4% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 46,818 shares of the company’s stock valued at $2,464,000 after purchasing an additional 35,812 shares during the period. Sigma Planning Corp bought a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $7,613,000. Finally, Trademark Financial Management LLC boosted its position in shares of Putnam Focused Large Cap Value ETF by 5.2% during the third quarter. Trademark Financial Management LLC now owns 288,698 shares of the company’s stock valued at $15,191,000 after buying an additional 14,299 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock traded down $0.18 on Friday, hitting $53.83. The stock had a trading volume of 2,423,782 shares, compared to its average volume of 1,694,632. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 17.86 and a beta of 0.83. Putnam Focused Large Cap Value ETF has a 12-month low of $42.76 and a 12-month high of $55.91. The business has a 50 day moving average of $53.83 and a 200 day moving average of $50.87.

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.