Cetera Advisor Networks LLC Increases Stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Cetera Advisor Networks LLC raised its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 17.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 500,260 shares of the company’s stock after purchasing an additional 74,722 shares during the quarter. Cetera Advisor Networks LLC owned 3.32% of Putnam Focused Large Cap Value ETF worth $17,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Truist Financial Corp raised its position in Putnam Focused Large Cap Value ETF by 152.4% during the 4th quarter. Truist Financial Corp now owns 19,751 shares of the company’s stock valued at $623,000 after purchasing an additional 11,927 shares during the last quarter. Essex Financial Services Inc. bought a new stake in Putnam Focused Large Cap Value ETF in the fourth quarter valued at $232,000. Wealthcare Advisory Partners LLC purchased a new position in Putnam Focused Large Cap Value ETF during the 4th quarter valued at $882,000. Janney Montgomery Scott LLC bought a new position in Putnam Focused Large Cap Value ETF in the 4th quarter worth $681,000. Finally, UBS Group AG lifted its position in shares of Putnam Focused Large Cap Value ETF by 52.3% in the 4th quarter. UBS Group AG now owns 331,418 shares of the company’s stock worth $10,453,000 after purchasing an additional 113,749 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of NYSEARCA PVAL traded down $0.82 during midday trading on Friday, hitting $35.84. 181,881 shares of the company traded hands, compared to its average volume of 187,760. Putnam Focused Large Cap Value ETF has a 12-month low of $27.68 and a 12-month high of $37.66. The firm has a market cap of $539.39 million, a P/E ratio of 16.48 and a beta of 0.82. The stock has a 50-day moving average price of $36.40 and a 200 day moving average price of $34.97.

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.