Able Wealth Management LLC Boosts Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Able Wealth Management LLC raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,811 shares of the company’s stock after buying an additional 43,432 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for 3.9% of Able Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Able Wealth Management LLC owned 0.17% of Putnam Focused Large Cap Value ETF worth $12,250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. acquired a new position in Putnam Focused Large Cap Value ETF in the 4th quarter valued at $322,000. Revisor Wealth Management LLC acquired a new position in Putnam Focused Large Cap Value ETF in the 4th quarter valued at $338,000. Belpointe Asset Management LLC grew its holdings in Putnam Focused Large Cap Value ETF by 72.5% in the 4th quarter. Belpointe Asset Management LLC now owns 60,836 shares of the company’s stock valued at $2,772,000 after buying an additional 25,577 shares in the last quarter. Merit Financial Group LLC grew its holdings in Putnam Focused Large Cap Value ETF by 38.3% in the 4th quarter. Merit Financial Group LLC now owns 115,056 shares of the company’s stock valued at $5,243,000 after buying an additional 31,883 shares in the last quarter. Finally, Heritage Wealth Management Inc. acquired a new position in Putnam Focused Large Cap Value ETF in the 4th quarter valued at $274,000.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $49.12 on Tuesday. The firm has a market cap of $9.66 billion, a P/E ratio of 17.86 and a beta of 0.87. Putnam Focused Large Cap Value ETF has a 52-week low of $34.43 and a 52-week high of $49.40. The business’s fifty day moving average is $47.43 and its 200-day moving average is $45.81.

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.