Sowell Financial Services LLC Purchases New Stake in Putnam Focused Large Cap Value ETF $PVAL

Sowell Financial Services LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 3rd quarter, HoldingsChannel reports. The fund acquired 10,411 shares of the company’s stock, valued at approximately $548,000.

Several other large investors have also added to or reduced their stakes in PVAL. Processus Wealth & Capital Management LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 2.3% during the third quarter. Processus Wealth & Capital Management LLC now owns 14,824 shares of the company’s stock valued at $780,000 after purchasing an additional 338 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 6.4% in the second quarter. NewEdge Advisors LLC now owns 8,205 shares of the company’s stock valued at $418,000 after purchasing an additional 494 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Putnam Focused Large Cap Value ETF by 44.4% during the 1st quarter. International Assets Investment Management LLC now owns 1,950 shares of the company’s stock valued at $91,000 after buying an additional 600 shares during the period. Elevation Wealth Management LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 7.2% during the 2nd quarter. Elevation Wealth Management LLC now owns 9,770 shares of the company’s stock valued at $498,000 after acquiring an additional 655 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Putnam Focused Large Cap Value ETF by 113.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,406 shares of the company’s stock worth $72,000 after purchasing an additional 748 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA PVAL opened at $54.62 on Tuesday. Putnam Focused Large Cap Value ETF has a 1-year low of $42.76 and a 1-year high of $55.20. The stock has a market capitalization of $15.38 billion, a P/E ratio of 17.86 and a beta of 0.84. The business has a fifty day moving average price of $53.82 and a 200 day moving average price of $50.72.

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.