GK Wealth Management LLC Invests $1.06 Million in Putnam Focused Large Cap Value ETF $PVAL

GK Wealth Management LLC bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 20,720 shares of the company’s stock, valued at approximately $1,056,000.

Several other large investors have also modified their holdings of the stock. Bank of America Corp DE grew its stake in Putnam Focused Large Cap Value ETF by 48.4% in the first quarter. Bank of America Corp DE now owns 35,914,629 shares of the company’s stock worth $1,666,439,000 after purchasing an additional 11,707,304 shares in the last quarter. Morgan Stanley raised its stake in Putnam Focused Large Cap Value ETF by 24.9% during the fourth quarter. Morgan Stanley now owns 9,566,730 shares of the company’s stock valued at $435,956,000 after buying an additional 1,906,373 shares in the last quarter. Cetera Investment Advisers raised its stake in Putnam Focused Large Cap Value ETF by 21.6% during the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock valued at $386,844,000 after buying an additional 1,483,240 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Putnam Focused Large Cap Value ETF by 11.4% during the 1st quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock worth $331,959,000 after buying an additional 734,798 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in 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 worth $312,285,000 after buying an additional 1,009,485 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.6%

Shares of PVAL opened at $54.11 on Wednesday. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84. The stock has a 50 day moving average of $51.63 and a 200-day moving average of $49.26. Putnam Focused Large Cap Value ETF has a 52 week low of $40.05 and a 52 week high of $54.28.

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.