Putnam Focused Large Cap Value ETF $PVAL is Key Client Fiduciary Advisors LLC’s 5th Largest Position

Key Client Fiduciary Advisors LLC raised its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 19.6% during the second quarter, HoldingsChannel reports. The fund owned 247,817 shares of the company’s stock after acquiring an additional 40,683 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 3.6% of Key Client Fiduciary Advisors LLC’s holdings, making the stock its 5th largest position. Key Client Fiduciary Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $12,626,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of Putnam Focused Large Cap Value ETF by 48.4% during the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after purchasing an additional 11,707,304 shares during the last quarter. Morgan Stanley increased its holdings in Putnam Focused Large Cap Value ETF by 24.9% in the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after buying an additional 1,906,373 shares during the last quarter. Cetera Investment Advisers increased its holdings in Putnam Focused Large Cap Value ETF by 21.6% in the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after buying an additional 1,483,240 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Putnam Focused Large Cap Value ETF by 11.4% during the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock valued at $331,959,000 after buying an additional 734,798 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after buying an additional 1,009,485 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA:PVAL opened at $54.26 on Monday. The company has a market cap of $13.69 billion, a PE ratio of 17.86 and a beta of 0.84. The business’s 50 day moving average is $51.85 and its two-hundred day moving average is $49.41. Putnam Focused Large Cap Value ETF has a 52 week low of $40.27 and a 52 week high of $54.47.

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.