Sax Wealth Advisors LLC Makes New Investment in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Sax Wealth Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 88,648 shares of the company’s stock, valued at approximately $3,291,000. Sax Wealth Advisors LLC owned approximately 0.59% of Putnam Focused Large Cap Value ETF as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. CWM LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter valued at approximately $61,000,000. Glenmede Trust Co. NA boosted its holdings in Putnam Focused Large Cap Value ETF by 29.5% in the third quarter. Glenmede Trust Co. NA now owns 2,039,113 shares of the company’s stock worth $77,364,000 after purchasing an additional 464,165 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Putnam Focused Large Cap Value ETF by 2,963.3% during the third quarter. Sanctuary Advisors LLC now owns 369,834 shares of the company’s stock valued at $14,638,000 after buying an additional 357,761 shares in the last quarter. Cetera Investment Advisers boosted its position in Putnam Focused Large Cap Value ETF by 49.7% during the second quarter. Cetera Investment Advisers now owns 1,031,872 shares of the company’s stock worth $37,457,000 after purchasing an additional 342,418 shares during the period. Finally, Sowa Financial Group Inc. boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 335.4% during the 3rd quarter. Sowa Financial Group Inc. now owns 326,482 shares of the company’s stock worth $12,387,000 after buying an additional 251,495 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

PVAL stock opened at $38.33 on Friday. The company has a 50-day moving average of $38.35 and a two-hundred day moving average of $37.62. The stock has a market capitalization of $576.87 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a 52-week low of $30.83 and a 52-week high of $40.07.

Putnam Focused Large Cap Value ETF Company 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.