MML Investors Services LLC Has $2.74 Million Stock Holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

MML Investors Services LLC lifted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 980.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,147 shares of the company’s stock after acquiring an additional 65,467 shares during the quarter. MML Investors Services LLC owned approximately 0.48% of Putnam Focused Large Cap Value ETF worth $2,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $40,000. Clear Point Advisors Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at approximately $61,000. Allworth Financial LP grew its stake in shares of Putnam Focused Large Cap Value ETF by 79.8% in the third quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock valued at $98,000 after buying an additional 1,145 shares in the last quarter. Verdence Capital Advisors LLC acquired a new position in Putnam Focused Large Cap Value ETF during the third quarter worth $205,000. Finally, Cozad Asset Management Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the third quarter worth $208,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $38.34 on Monday. The stock has a market cap of $577.02 million, a P/E ratio of 16.48 and a beta of 0.82. The company has a fifty day moving average price of $38.75 and a two-hundred day moving average price of $37.40. Putnam Focused Large Cap Value ETF has a one year low of $30.83 and a one year high of $40.07.

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.