Baker Tilly Wealth Management LLC Buys 76,437 Shares of Putnam Focused Large Cap Value ETF $PVAL

Baker Tilly Wealth Management LLC increased its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 19.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 460,074 shares of the company’s stock after purchasing an additional 76,437 shares during the period. Putnam Focused Large Cap Value ETF accounts for approximately 5.2% of Baker Tilly Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Baker Tilly Wealth Management LLC owned approximately 0.32% of Putnam Focused Large Cap Value ETF worth $20,966,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PVAL. Fifth Third Bancorp purchased a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $63,000. Franklin Resources Inc. acquired a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $94,000. CoreCap Advisors LLC purchased a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $123,000. Lantern Wealth Advisors LLC purchased a new position in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at $224,000. Finally, Strategic Blueprint LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 3rd quarter worth $228,000.

Putnam Focused Large Cap Value ETF Stock Down 1.1%

Putnam Focused Large Cap Value ETF stock opened at $45.68 on Monday. The company has a fifty day simple moving average of $47.48 and a 200-day simple moving average of $45.10. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $49.13.

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.