Provident Wealth Management LLC Sells 26,406 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Provident Wealth Management LLC reduced its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,052 shares of the company’s stock after selling 26,406 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for approximately 1.1% of Provident Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Provident Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $3,231,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF during the fourth quarter valued at about $28,000. Allworth Financial LP boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 79.8% during the third quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock worth $98,000 after purchasing an additional 1,145 shares during the period. Verdence Capital Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth about $205,000. Cozad Asset Management Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth about $208,000. Finally, Fulcrum Equity Management purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth about $248,000.

Putnam Focused Large Cap Value ETF Trading Up 0.3 %

Putnam Focused Large Cap Value ETF stock opened at $38.68 on Wednesday. The firm has a 50-day moving average of $38.24 and a 200-day moving average of $38.09. The firm has a market cap of $2.11 billion, a P/E ratio of 20.51 and a beta of 0.90. Putnam Focused Large Cap Value ETF has a 1-year low of $33.11 and a 1-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.