Geneos Wealth Management Inc. Boosts Stake in Putnam Focused Large Cap Value ETF $PVAL

Geneos Wealth Management Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 10.8% in the 4th quarter, Holdings Channel reports. The fund owned 826,781 shares of the company’s stock after acquiring an additional 80,459 shares during the period. Putnam Focused Large Cap Value ETF accounts for about 0.9% of Geneos Wealth Management Inc.’s investment portfolio, making the stock its 13th biggest position. Geneos Wealth Management Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $37,676,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Fifth Third Bancorp acquired a new stake in Putnam Focused Large Cap Value ETF during the 3rd quarter valued at approximately $63,000. Franklin Resources Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at approximately $94,000. Signaturefd LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $120,000. CoreCap Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth approximately $123,000. Finally, Lantern Wealth Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter worth $224,000.

Putnam Focused Large Cap Value ETF Price Performance

PVAL opened at $48.82 on Friday. Putnam Focused Large Cap Value ETF has a 12-month low of $35.85 and a 12-month high of $49.40. The stock has a market capitalization of $9.74 billion, a PE ratio of 17.86 and a beta of 0.87. The firm’s fifty day moving average price is $47.45 and its 200 day moving average price is $45.90.

Putnam Focused Large Cap Value ETF Company 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.