Farther Finance Advisors LLC Has $205,000 Stake in Putnam Focused Large Cap Value ETF $PVAL

Farther Finance Advisors LLC decreased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 40.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,087 shares of the company’s stock after selling 3,501 shares during the quarter. Farther Finance Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PVAL. Merit Financial Group LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 1st quarter worth about $544,000. Amplius Wealth Advisors LLC raised its stake in Putnam Focused Large Cap Value ETF by 9.0% in the 1st quarter. Amplius Wealth Advisors LLC now owns 1,883,958 shares of the company’s stock worth $71,741,000 after purchasing an additional 156,167 shares in the last quarter. Key Client Fiduciary Advisors LLC raised its stake in Putnam Focused Large Cap Value ETF by 4.9% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 9,408 shares of the company’s stock worth $358,000 after purchasing an additional 438 shares in the last quarter. Harbor Group Inc. raised its stake in Putnam Focused Large Cap Value ETF by 112.5% in the 1st quarter. Harbor Group Inc. now owns 749,153 shares of the company’s stock worth $28,528,000 after purchasing an additional 396,597 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in Putnam Focused Large Cap Value ETF by 22.9% in the 1st quarter. SeaCrest Wealth Management LLC now owns 76,355 shares of the company’s stock worth $2,908,000 after purchasing an additional 14,250 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.3%

Shares of Putnam Focused Large Cap Value ETF stock opened at $42.84 on Thursday. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $42.96. The company has a 50-day simple moving average of $41.63 and a two-hundred day simple moving average of $39.41. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89.

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.