17,499 Putnam Focused Large Cap Value ETF $PVAL Shares Sold by GK Wealth Management LLC

GK Wealth Management LLC reduced its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 84.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,221 shares of the company’s stock after selling 17,499 shares during the period. GK Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $169,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of Putnam Focused Large Cap Value ETF by 48.4% in the 1st 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 during the period. Cetera Investment Advisers raised its holdings in Putnam Focused Large Cap Value ETF by 21.6% in the first quarter. Cetera Investment Advisers now owns 8,337,155 shares of the company’s stock worth $386,844,000 after purchasing an additional 1,483,240 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of Putnam Focused Large Cap Value ETF by 11.4% during the first quarter. Glenmede Trust Co. NA now owns 7,154,285 shares of the company’s stock valued at $331,959,000 after buying an additional 734,798 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 16.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock worth $275,167,000 after acquiring an additional 762,099 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its stake in Putnam Focused Large Cap Value ETF by 16.1% in the first quarter. Modern Wealth Management LLC now owns 2,304,807 shares of the company’s stock valued at $107,335,000 after acquiring an additional 319,556 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $53.94 on Friday. The stock’s fifty day moving average price is $53.83 and its 200 day moving average price is $51.36. Putnam Focused Large Cap Value ETF has a 1-year low of $41.58 and a 1-year high of $54.70. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 17.86 and a beta of 0.84.

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.