Wealthspire Advisors LLC Acquires 501,528 Shares of Putnam Focused Large Cap Value ETF $PVAL

Wealthspire Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 152.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 830,187 shares of the company’s stock after acquiring an additional 501,528 shares during the period. Wealthspire Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $37,832,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PVAL. Bank of America Corp DE raised its stake in 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 buying an additional 2,239,115 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Putnam Focused Large Cap Value ETF by 17.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,852,855 shares of the company’s stock worth $312,285,000 after buying an additional 1,009,485 shares during the last quarter. Glenmede Investment Management LP raised its stake in Putnam Focused Large Cap Value ETF by 15.8% during the third quarter. Glenmede Investment Management LP now owns 5,787,089 shares of the company’s stock worth $247,224,000 after buying an additional 789,767 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Putnam Focused Large Cap Value ETF by 4.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,124,640 shares of the company’s stock worth $233,530,000 after buying an additional 234,950 shares during the last quarter. Finally, UBS Group AG raised its stake in Putnam Focused Large Cap Value ETF by 8.8% during the fourth quarter. UBS Group AG now owns 5,037,434 shares of the company’s stock worth $229,556,000 after buying an additional 408,248 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 1.1%

Shares of NYSEARCA PVAL opened at $51.37 on Friday. Putnam Focused Large Cap Value ETF has a twelve month low of $38.93 and a twelve month high of $51.52. The firm has a fifty day simple moving average of $49.39 and a 200 day simple moving average of $47.57. The company has a market capitalization of $10.44 billion, a PE ratio of 17.86 and a beta of 0.84.

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.