15,702 Shares of Putnam Focused Large Cap Value ETF $PVAL Acquired by StoneX Group Inc.

StoneX Group Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 3rd quarter, Holdings Channel.com reports. The firm bought 15,702 shares of the company’s stock, valued at approximately $826,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in 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. Commonwealth Equity Services LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter worth $448,572,000. Cetera Investment Advisers boosted its position in shares of 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 worth $386,844,000 after acquiring an additional 1,483,240 shares during the last quarter. Glenmede Trust Co. NA grew its stake in 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 acquiring an additional 734,798 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Putnam Focused Large Cap Value ETF by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,400,725 shares of the company’s stock valued at $275,167,000 after acquiring an additional 762,099 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.3%

Shares of PVAL stock opened at $54.88 on Wednesday. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 17.86 and a beta of 0.83. Putnam Focused Large Cap Value ETF has a 12-month low of $42.76 and a 12-month high of $55.91. The stock’s 50-day moving average price is $53.86 and its 200-day moving average price is $50.95.

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.