Everest Financial Group LLC Purchases 49,685 Shares of Putnam Focused Large Cap Value ETF $PVAL

Everest Financial Group LLC raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 788.3% in the first quarter, HoldingsChannel reports. The fund owned 55,988 shares of the company’s stock after purchasing an additional 49,685 shares during the quarter. Everest Financial Group LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $2,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the first quarter worth approximately $27,000. Parkside Financial Bank & Trust bought a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth $52,000. MCF Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at $53,000. Global Retirement Partners LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter valued at $58,000. Finally, International Assets Investment Management LLC acquired a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth $62,000.

Putnam Focused Large Cap Value ETF Trading Up 0.7%

Putnam Focused Large Cap Value ETF stock opened at $52.41 on Friday. Putnam Focused Large Cap Value ETF has a 1-year low of $39.71 and a 1-year high of $52.56. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The firm’s fifty day moving average price is $51.18 and its two-hundred day moving average price is $48.92.

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.