78,503 Shares of Putnam Focused Large Cap Value ETF $PVAL Purchased by Wavvest Wealth LLC

Wavvest Wealth LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 78,503 shares of the company’s stock, valued at approximately $4,131,000. Putnam Focused Large Cap Value ETF accounts for approximately 3.2% of Wavvest Wealth LLC’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Essex Financial Services Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 22.2% in the first quarter. Essex Financial Services Inc. now owns 141,768 shares of the company’s stock valued at $6,578,000 after buying an additional 25,732 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF by 19.6% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 247,817 shares of the company’s stock worth $12,626,000 after acquiring an additional 40,683 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF by 9.2% during the 2nd quarter. Capital Analysts LLC now owns 1,190,333 shares of the company’s stock worth $60,647,000 after acquiring an additional 99,997 shares during the last quarter. First United Bank & Trust acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $1,197,000. Finally, Quantinno Capital Management LP raised its stake in Putnam Focused Large Cap Value ETF by 70.8% in the 1st quarter. Quantinno Capital Management LP now owns 22,777 shares of the company’s stock valued at $1,057,000 after acquiring an additional 9,445 shares during the period.

Putnam Focused Large Cap Value ETF Trading Up 0.2%

PVAL opened at $54.28 on Thursday. The stock’s fifty day simple moving average is $53.81 and its 200 day simple moving average is $51.84. Putnam Focused Large Cap Value ETF has a 1-year low of $42.74 and a 1-year high of $54.70. The stock has a market cap of $14.99 billion, a PE ratio of 17.86 and a beta of 0.84.

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.