HighTower Advisors LLC Boosts Stake in Putnam Focused Large Cap Value ETF $PVAL

HighTower Advisors LLC grew its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,228,854 shares of the company’s stock after acquiring an additional 38,758 shares during the period. HighTower Advisors LLC owned about 0.75% of Putnam Focused Large Cap Value ETF worth $55,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of 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 acquiring an additional 219 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 2.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock worth $432,000 after acquiring an additional 249 shares during the period. Brown Advisory Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 2.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after acquiring an additional 300 shares during the period. Tempus Wealth Planning LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 0.6% during the 3rd quarter. Tempus Wealth Planning LLC now owns 65,336 shares of the company’s stock worth $2,791,000 after acquiring an additional 406 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 1.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,959 shares of the company’s stock worth $1,274,000 after buying an additional 413 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.9%

Putnam Focused Large Cap Value ETF stock opened at $49.84 on Thursday. The company has a market capitalization of $10.13 billion, a P/E ratio of 17.86 and a beta of 0.85. The stock’s 50 day moving average is $47.89 and its 200 day moving average is $46.73. Putnam Focused Large Cap Value ETF has a twelve month low of $37.56 and a twelve month high of $50.36.

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.