Harbour Investments Inc. Purchases 42,006 Shares of Putnam Focused Large Cap Value ETF $PVAL

Harbour Investments Inc. grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 32.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 172,070 shares of the company’s stock after purchasing an additional 42,006 shares during the quarter. Harbour Investments Inc. owned approximately 0.10% of Putnam Focused Large Cap Value ETF worth $7,841,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Putnam Focused Large Cap Value ETF by 22.0% in the 3rd quarter. Bank of America Corp DE now owns 12,422,010 shares of the company’s stock valued at $530,668,000 after purchasing an additional 2,239,115 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 17.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock valued at $312,285,000 after acquiring an additional 1,009,485 shares during the period. Glenmede Investment Management LP lifted its position in shares of 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 acquiring an additional 789,767 shares during the period. UBS Group AG lifted its position in shares of Putnam Focused Large Cap Value ETF by 8.8% during the 4th quarter. UBS Group AG now owns 5,037,434 shares of the company’s stock valued at $229,556,000 after acquiring an additional 408,248 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Putnam Focused Large Cap Value ETF by 17.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 4,192,632 shares of the company’s stock valued at $179,109,000 after acquiring an additional 626,728 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Putnam Focused Large Cap Value ETF stock opened at $50.36 on Tuesday. Putnam Focused Large Cap Value ETF has a 12-month low of $37.56 and a 12-month high of $50.53. The firm’s fifty day moving average is $48.12 and its 200 day moving average is $46.88. The company has a market capitalization of $10.24 billion, a PE ratio of 17.86 and a beta of 0.85.

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.