Trademark Financial Management LLC Buys 44,659 Shares of Putnam Focused Large Cap Value ETF $PVAL

Trademark Financial Management LLC boosted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 22.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,265 shares of the company’s stock after buying an additional 44,659 shares during the period. Putnam Focused Large Cap Value ETF makes up approximately 5.6% of Trademark Financial Management LLC’s portfolio, making the stock its 2nd biggest position. Trademark Financial Management LLC owned approximately 0.12% of Putnam Focused Large Cap Value ETF worth $11,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PVAL. Bank of America Corp DE raised its position in shares of Putnam Focused Large Cap Value ETF by 22.0% during the third quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock worth $530,668,000 after purchasing an additional 2,239,115 shares during the period. Morgan Stanley grew its position in Putnam Focused Large Cap Value ETF by 24.9% in the 4th quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after purchasing an additional 1,906,373 shares during the period. Cetera Investment Advisers grew its position in Putnam Focused Large Cap Value ETF by 27.6% in the 4th quarter. Cetera Investment Advisers now owns 6,853,915 shares of the company’s stock valued at $312,333,000 after purchasing an additional 1,484,571 shares during the period. Cullen Frost Bankers Inc. grew its position in Putnam Focused Large Cap Value ETF by 17.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after purchasing an additional 1,009,485 shares during the period. Finally, Glenmede Investment Management LP increased its stake in Putnam Focused Large Cap Value ETF by 15.8% during the 3rd quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock valued at $247,224,000 after purchasing an additional 789,767 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 1.1%

Putnam Focused Large Cap Value ETF stock opened at $51.67 on Friday. Putnam Focused Large Cap Value ETF has a 1-year low of $39.71 and a 1-year high of $52.13. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The firm’s fifty day moving average price is $50.33 and its two-hundred day moving average price is $48.25.

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.