Harbour Investments Inc. Acquires 8,492 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Harbour Investments Inc. increased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,376 shares of the company’s stock after purchasing an additional 8,492 shares during the period. Harbour Investments Inc. owned approximately 0.38% of Putnam Focused Large Cap Value ETF worth $2,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PVAL. JPMorgan Chase & Co. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $406,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth about $28,000. Wealthspire Advisors LLC grew its stake in Putnam Focused Large Cap Value ETF by 19.3% during the fourth quarter. Wealthspire Advisors LLC now owns 330,289 shares of the company’s stock worth $12,260,000 after buying an additional 53,444 shares during the last quarter. Sax Wealth Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the fourth quarter worth approximately $3,291,000. Finally, Carnegie Investment Counsel bought a new position in shares of Putnam Focused Large Cap Value ETF in the fourth quarter valued at approximately $318,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL opened at $37.95 on Tuesday. The business’s 50 day simple moving average is $38.41 and its 200-day simple moving average is $38.21. Putnam Focused Large Cap Value ETF has a one year low of $34.14 and a one year high of $40.07. The company has a market capitalization of $2.21 billion, a P/E ratio of 19.44 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.