IVC Wealth Advisors LLC Increases Stock Position in Putnam Focused Large Cap Value ETF $PVAL

IVC Wealth Advisors LLC lifted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 48.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 270,420 shares of the company’s stock after purchasing an additional 87,824 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for 5.3% of IVC Wealth Advisors LLC’s holdings, making the stock its 3rd largest position. IVC Wealth Advisors LLC owned 0.31% of Putnam Focused Large Cap Value ETF worth $10,879,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PVAL. Northwest Capital Management Inc bought a new position in Putnam Focused Large Cap Value ETF in the first quarter valued at approximately $102,000. Allworth Financial LP increased its stake in Putnam Focused Large Cap Value ETF by 11.2% in the first quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock valued at $109,000 after acquiring an additional 300 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $121,000. Comerica Bank increased its stake in Putnam Focused Large Cap Value ETF by 15.3% in the first quarter. Comerica Bank now owns 6,350 shares of the company’s stock valued at $242,000 after acquiring an additional 841 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in Putnam Focused Large Cap Value ETF in the first quarter valued at approximately $260,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL opened at $42.95 on Friday. The company’s 50 day simple moving average is $41.70 and its 200 day simple moving average is $39.49. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $43.12.

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.