Continuum Advisory LLC Raises Holdings in Putnam Focused Large Cap Value ETF $PVAL

Continuum Advisory LLC boosted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 64.5% in the 2nd quarter, Holdings Channel reports. The firm owned 67,223 shares of the company’s stock after acquiring an additional 26,347 shares during the quarter. Continuum Advisory LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $3,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PVAL. Allworth Financial LP boosted its stake in Putnam Focused Large Cap Value ETF by 7.3% during the 4th quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock worth $146,000 after purchasing an additional 219 shares during the last quarter. Next Level Private LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 4.4% in the first quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock valued at $278,000 after buying an additional 250 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 2.4% in the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after buying an additional 300 shares during the last quarter. Advisor OS LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF by 2.8% in the fourth quarter. Advisor OS LLC now owns 16,093 shares of the company’s stock worth $733,000 after buying an additional 435 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF in the first quarter worth about $27,000.

Putnam Focused Large Cap Value ETF Trading Up 0.4%

PVAL opened at $54.01 on Thursday. The firm has a market capitalization of $13.63 billion, a PE ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a twelve month low of $41.55 and a twelve month high of $54.70. The firm’s 50-day moving average price is $53.00 and its 200 day moving average price is $50.24.

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.