Cetera Investment Advisers Raises Stock Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Cetera Investment Advisers boosted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 636.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 689,454 shares of the company’s stock after purchasing an additional 595,811 shares during the period. Cetera Investment Advisers’ holdings in Putnam Focused Large Cap Value ETF were worth $24,634,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Essex Financial Services Inc. purchased a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $232,000. Truist Financial Corp raised its stake in Putnam Focused Large Cap Value ETF by 152.4% during the fourth quarter. Truist Financial Corp now owns 19,751 shares of the company’s stock worth $623,000 after purchasing an additional 11,927 shares during the period. Janney Montgomery Scott LLC purchased a new position in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $681,000. Sentinel Pension Advisors Inc. raised its stake in Putnam Focused Large Cap Value ETF by 19.0% during the first quarter. Sentinel Pension Advisors Inc. now owns 19,561 shares of the company’s stock worth $699,000 after purchasing an additional 3,129 shares during the period. Finally, StoneX Group Inc. purchased a new position in Putnam Focused Large Cap Value ETF during the first quarter worth about $799,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $35.84 on Friday. The firm’s 50-day moving average is $36.40 and its two-hundred day moving average is $34.97. Putnam Focused Large Cap Value ETF has a 12 month low of $27.68 and a 12 month high of $37.66. The company has a market capitalization of $539.39 million, a PE ratio of 16.48 and a beta of 0.82.

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.