AdvisorNet Financial Inc Acquires 37,639 Shares of Putnam Focused Large Cap Value ETF $PVAL

AdvisorNet Financial Inc boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 7.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 528,175 shares of the company’s stock after buying an additional 37,639 shares during the quarter. Putnam Focused Large Cap Value ETF makes up 1.3% of AdvisorNet Financial Inc’s investment portfolio, making the stock its 16th largest holding. AdvisorNet Financial Inc owned 0.35% of Putnam Focused Large Cap Value ETF worth $24,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of Putnam Focused Large Cap Value ETF by 14.7% during the 1st quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock valued at $2,798,000 after buying an additional 9,442 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the first quarter valued at approximately $2,380,000. JPMorgan Chase & Co. boosted its holdings in Putnam Focused Large Cap Value ETF by 124.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,867 shares of the company’s stock valued at $1,121,000 after purchasing an additional 15,435 shares during the period. Franklin Resources Inc. purchased a new position in Putnam Focused Large Cap Value ETF during the second quarter worth about $94,000. Finally, XTX Topco Ltd purchased a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter worth about $229,000.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock opened at $46.63 on Friday. The stock has a market cap of $7.65 billion, a P/E ratio of 17.86 and a beta of 0.88. The firm’s fifty day moving average price is $47.37 and its 200-day moving average price is $45.34. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two 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.