Arete Wealth Advisors LLC Boosts Stock Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Arete Wealth Advisors LLC increased its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,788 shares of the company’s stock after acquiring an additional 88,393 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 1.0% of Arete Wealth Advisors LLC’s holdings, making the stock its 18th biggest position. Arete Wealth Advisors LLC owned about 2.44% of Putnam Focused Large Cap Value ETF worth $13,604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 4th quarter valued at $28,000. Wealthcare Advisory Partners LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 2.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 32,068 shares of the company’s stock valued at $1,190,000 after acquiring an additional 875 shares in the last quarter. Cozad Asset Management Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 26.7% in the fourth quarter. Cozad Asset Management Inc. now owns 6,949 shares of the company’s stock valued at $258,000 after acquiring an additional 1,466 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 31.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 7,110 shares of the company’s stock worth $264,000 after acquiring an additional 1,712 shares during the period. Finally, Prosperity Financial Group Inc. grew its position in shares of Putnam Focused Large Cap Value ETF by 1.6% during the fourth quarter. Prosperity Financial Group Inc. now owns 135,998 shares of the company’s stock worth $5,048,000 after purchasing an additional 2,167 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Putnam Focused Large Cap Value ETF stock opened at $38.26 on Thursday. Putnam Focused Large Cap Value ETF has a 1 year low of $34.14 and a 1 year high of $40.07. The firm’s 50 day moving average price is $38.49 and its 200-day moving average price is $38.31. The stock has a market cap of $2.42 billion, a P/E ratio of 20.00 and a beta of 0.90.

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.