Northwestern Mutual Wealth Management Co. Purchases 410,945 Shares of Putnam Focused Large Cap Value ETF $PVAL

Northwestern Mutual Wealth Management Co. grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,603,577 shares of the company’s stock after purchasing an additional 410,945 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 2.80% of Putnam Focused Large Cap Value ETF worth $209,785,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PVAL. Global Retirement Partners LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth about $58,000. International Assets Investment Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth about $62,000. Fifth Third Bancorp bought a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter worth about $63,000. Franklin Resources Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter worth about $94,000. Finally, Signaturefd LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth about $120,000.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock opened at $50.62 on Friday. The business’s 50-day simple moving average is $48.37 and its 200-day simple moving average is $47.04. The firm has a market capitalization of $10.29 billion, a PE ratio of 17.86 and a beta of 0.85. Putnam Focused Large Cap Value ETF has a 52 week low of $38.08 and a 52 week high of $50.70.

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.