Secure Asset Management LLC Buys 18,728 Shares of Putnam Focused Large Cap Value ETF $PVAL

Secure Asset Management LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 15.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 143,316 shares of the company’s stock after purchasing an additional 18,728 shares during the quarter. Putnam Focused Large Cap Value ETF comprises 0.9% of Secure Asset Management LLC’s portfolio, making the stock its 28th biggest holding. Secure Asset Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $7,541,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Putnam Focused Large Cap Value ETF by 48.4% during the 1st quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock valued at $1,666,439,000 after acquiring an additional 11,707,304 shares during the period. Cetera Investment Advisers boosted its stake in shares of Putnam Focused Large Cap Value ETF by 21.6% during the 1st quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after acquiring an additional 1,483,240 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Putnam Focused Large Cap Value ETF by 11.4% during the 1st quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after acquiring an additional 734,798 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF by 16.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock worth $275,167,000 after acquiring an additional 762,099 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 16.1% during the 1st quarter. Modern Wealth Management LLC now owns 2,304,807 shares of the company’s stock worth $107,335,000 after acquiring an additional 319,556 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

PVAL opened at $53.84 on Tuesday. The stock has a market cap of $14.87 billion, a P/E ratio of 17.86 and a beta of 0.84. The stock’s 50 day simple moving average is $53.81 and its 200 day simple moving average is $51.73. Putnam Focused Large Cap Value ETF has a 1-year low of $42.71 and a 1-year high of $54.70.

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.