Envestnet Asset Management Inc. Buys 126,871 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Envestnet Asset Management Inc. lifted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 41.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 434,701 shares of the company’s stock after acquiring an additional 126,871 shares during the period. Envestnet Asset Management Inc. owned 2.89% of Putnam Focused Large Cap Value ETF worth $16,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PVAL. JPMorgan Chase & Co. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter worth $406,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Putnam Focused Large Cap Value ETF in the 4th quarter worth $28,000. Harbour Investments Inc. boosted its stake in Putnam Focused Large Cap Value ETF by 17.4% during the fourth quarter. Harbour Investments Inc. now owns 57,376 shares of the company’s stock valued at $2,130,000 after buying an additional 8,492 shares during the last quarter. Wealthspire Advisors LLC increased its stake in Putnam Focused Large Cap Value ETF by 19.3% in the 4th quarter. Wealthspire Advisors LLC now owns 330,289 shares of the company’s stock worth $12,260,000 after acquiring an additional 53,444 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 20.5% during the 4th quarter. HighTower Advisors LLC now owns 85,400 shares of the company’s stock worth $3,170,000 after acquiring an additional 14,555 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL stock opened at $35.80 on Wednesday. The firm has a market cap of $2.38 billion, a PE ratio of 18.80 and a beta of 0.89. The firm has a fifty day moving average price of $37.65 and a 200 day moving average price of $38.12. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $40.07.

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.