Renaissance Technologies LLC Invests $1.35 Million in Putnam Focused Large Cap Value ETF $PVAL

Renaissance Technologies LLC bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 29,100 shares of the company’s stock, valued at approximately $1,350,000.

A number of other hedge funds have also recently modified their holdings of the stock. Allworth Financial LP raised its stake in Putnam Focused Large Cap Value ETF by 7.3% during the 4th quarter. Allworth Financial LP now owns 3,199 shares of the company’s stock worth $146,000 after acquiring an additional 219 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF by 2.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 9,471 shares of the company’s stock valued at $432,000 after acquiring an additional 249 shares in the last quarter. Next Level Private LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 4.4% during the first quarter. Next Level Private LLC now owns 5,983 shares of the company’s stock worth $278,000 after purchasing an additional 250 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after purchasing an additional 300 shares during the last quarter. Finally, Advisor OS LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 2.8% during the fourth quarter. Advisor OS LLC now owns 16,093 shares of the company’s stock worth $733,000 after purchasing an additional 435 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $54.42 on Friday. Putnam Focused Large Cap Value ETF has a one year low of $40.89 and a one year high of $54.63. The stock has a market capitalization of $13.73 billion, a P/E ratio of 17.86 and a beta of 0.84. The business’s 50-day simple moving average is $52.13 and its 200-day simple moving average is $49.63.

Putnam Focused Large Cap Value ETF Company 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.