Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC increased its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 72.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,836 shares of the company’s stock after purchasing an additional 25,577 shares during the quarter. Belpointe Asset Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $2,772,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PVAL. Fifth Third Bancorp acquired a new stake in Putnam Focused Large Cap Value ETF in the third quarter worth about $63,000. Franklin Resources Inc. acquired a new stake in Putnam Focused Large Cap Value ETF in the second quarter worth about $94,000. Signaturefd LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter worth about $120,000. CoreCap Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the third quarter worth about $123,000. Finally, Lantern Wealth Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the third quarter worth about $224,000.

Putnam Focused Large Cap Value ETF Stock Down 0.1%

PVAL stock opened at $49.12 on Tuesday. The company has a market capitalization of $9.66 billion, a P/E ratio of 17.86 and a beta of 0.87. The company has a 50-day simple moving average of $47.43 and a 200 day simple moving average of $45.81. Putnam Focused Large Cap Value ETF has a fifty-two week low of $34.43 and a fifty-two week high of $49.40.

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.