BridgePort Financial Solutions LLC Grows Holdings in Putnam Focused Large Cap Value ETF $PVAL

BridgePort Financial Solutions LLC raised its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 42.5% during the second quarter, Holdings Channel reports. The institutional investor owned 282,838 shares of the company’s stock after buying an additional 84,371 shares during the quarter. Putnam Focused Large Cap Value ETF makes up about 3.8% of BridgePort Financial Solutions LLC’s holdings, making the stock its 4th largest position. BridgePort Financial Solutions LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $11,379,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Northwest Capital Management Inc bought a new position in shares of Putnam Focused Large Cap Value ETF in the first quarter valued at $102,000. Allworth Financial LP lifted its position in shares of Putnam Focused Large Cap Value ETF by 11.2% during the first quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock valued at $109,000 after purchasing an additional 300 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at about $121,000. Comerica Bank lifted its position in shares of Putnam Focused Large Cap Value ETF by 15.3% during the first quarter. Comerica Bank now owns 6,350 shares of the company’s stock valued at $242,000 after purchasing an additional 841 shares in the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the first quarter valued at about $260,000.

Putnam Focused Large Cap Value ETF Price Performance

PVAL opened at $42.95 on Friday. The company’s 50-day moving average is $41.70 and its 200 day moving average is $39.49. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $43.12. The firm has a market capitalization of $4.61 billion, a P/E ratio of 17.86 and a beta of 0.89.

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.