Faithward Advisors LLC Takes $3.09 Million Position in Putnam Focused Large Cap Value ETF $PVAL

Faithward Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the fourth quarter, Holdings Channel reports. The institutional investor bought 67,724 shares of the company’s stock, valued at approximately $3,086,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $52,000. MCF Advisors LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $53,000. Global Retirement Partners LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $58,000. International Assets Investment Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at approximately $62,000. Finally, Fifth Third Bancorp bought a new position in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter valued at approximately $63,000.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA PVAL opened at $51.79 on Tuesday. The company has a market capitalization of $10.53 billion, a P/E ratio of 17.86 and a beta of 0.84. Putnam Focused Large Cap Value ETF has a one year low of $38.93 and a one year high of $51.97. The stock has a 50 day moving average price of $49.49 and a 200-day moving average price of $47.65.

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.