Putnam Focused Large Cap Value ETF $PVAL Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 151.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,111 shares of the company’s stock after acquiring an additional 42,244 shares during the quarter. JPMorgan Chase & Co. owned about 0.06% of Putnam Focused Large Cap Value ETF worth $2,995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in Putnam Focused Large Cap Value ETF by 14.5% during the 3rd quarter. IFP Advisors Inc now owns 78,275 shares of the company’s stock valued at $3,344,000 after purchasing an additional 9,895 shares in the last quarter. Lantern Wealth Advisors LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth $224,000. Kestra Private Wealth Services LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 27.4% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 119,992 shares of the company’s stock worth $5,126,000 after buying an additional 25,806 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at $1,276,000. Finally, Prosperity Financial Group Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 4.3% in the third quarter. Prosperity Financial Group Inc. now owns 169,472 shares of the company’s stock valued at $7,240,000 after buying an additional 6,962 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA:PVAL opened at $46.63 on Friday. The business’s 50-day moving average price is $47.37 and its 200 day moving average price is $45.36. Putnam Focused Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $49.13. The firm has a market cap of $8.84 billion, a P/E ratio of 17.86 and a beta of 0.88.

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.