Brown Advisory Inc. Takes $468,000 Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Brown Advisory Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,302 shares of the company’s stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in Putnam Focused Large Cap Value ETF by 38.2% during the fourth quarter. Bank of America Corp DE now owns 5,741,266 shares of the company’s stock worth $213,116,000 after buying an additional 1,586,486 shares during the period. Cetera Investment Advisers boosted its stake in Putnam Focused Large Cap Value ETF by 48.8% during the fourth quarter. Cetera Investment Advisers now owns 2,310,623 shares of the company’s stock worth $85,770,000 after buying an additional 757,354 shares during the period. Amplius Wealth Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF by 9.0% during the first quarter. Amplius Wealth Advisors LLC now owns 1,883,958 shares of the company’s stock worth $71,741,000 after buying an additional 156,167 shares during the period. Opal Wealth Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF by 17.7% during the first quarter. Opal Wealth Advisors LLC now owns 1,429,509 shares of the company’s stock worth $54,436,000 after buying an additional 214,557 shares during the period. Finally, Stifel Financial Corp boosted its stake in Putnam Focused Large Cap Value ETF by 122.0% during the fourth quarter. Stifel Financial Corp now owns 1,122,788 shares of the company’s stock worth $41,678,000 after buying an additional 617,092 shares during the period.

Putnam Focused Large Cap Value ETF Trading Down 1.1%

Shares of PVAL opened at $40.50 on Wednesday. The firm has a fifty day moving average price of $39.23 and a 200-day moving average price of $38.15. The firm has a market capitalization of $3.57 billion, a P/E ratio of 17.86 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a 12-month low of $32.83 and a 12-month high of $41.13.

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.