Essex Financial Services Inc. Sells 3,357 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Essex Financial Services Inc. cut its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,151 shares of the company’s stock after selling 3,357 shares during the quarter. Essex Financial Services Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $1,045,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $425,000. ERn Financial LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF by 33.4% in the third quarter. ERn Financial LLC now owns 158,538 shares of the company’s stock valued at $6,015,000 after purchasing an additional 39,681 shares in the last quarter. Opal Wealth Advisors LLC raised its position in Putnam Focused Large Cap Value ETF by 10.2% in the 3rd quarter. Opal Wealth Advisors LLC now owns 1,189,265 shares of the company’s stock worth $45,121,000 after purchasing an additional 110,513 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Putnam Focused Large Cap Value ETF during the 3rd quarter worth $1,169,000. Finally, Sentinel Pension Advisors Inc. boosted its position in Putnam Focused Large Cap Value ETF by 21.1% in the 3rd quarter. Sentinel Pension Advisors Inc. now owns 30,243 shares of the company’s stock valued at $1,147,000 after buying an additional 5,267 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.3 %

PVAL stock opened at $39.24 on Wednesday. Putnam Focused Large Cap Value ETF has a twelve month low of $32.00 and a twelve month high of $40.07. The company has a market cap of $590.56 million, a P/E ratio of 16.48 and a beta of 0.82. The business has a fifty day moving average of $38.17 and a 200-day moving average of $37.87.

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.