Baker Tilly Wealth Management LLC Purchases 80,525 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Baker Tilly Wealth Management LLC boosted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 775.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 90,914 shares of the company’s stock after buying an additional 80,525 shares during the quarter. Putnam Focused Large Cap Value ETF makes up about 1.3% of Baker Tilly Wealth Management LLC’s portfolio, making the stock its 16th largest position. Baker Tilly Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $3,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth $406,000. Sanctuary Advisors LLC grew its position in shares of Putnam Focused Large Cap Value ETF by 2,963.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 369,834 shares of the company’s stock worth $14,638,000 after buying an additional 357,761 shares during the period. Fulcrum Equity Management bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $248,000. MML Investors Services LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 980.0% in the 3rd quarter. MML Investors Services LLC now owns 72,147 shares of the company’s stock valued at $2,737,000 after acquiring an additional 65,467 shares during the period. Finally, Stifel Financial Corp boosted its stake in Putnam Focused Large Cap Value ETF by 3.8% during the 3rd quarter. Stifel Financial Corp now owns 505,696 shares of the company’s stock worth $19,186,000 after acquiring an additional 18,521 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA PVAL traded down $0.36 during midday trading on Friday, reaching $36.98. 82,236 shares of the stock were exchanged, compared to its average volume of 335,082. Putnam Focused Large Cap Value ETF has a 12 month low of $30.83 and a 12 month high of $40.07. The business has a 50-day simple moving average of $38.44 and a two-hundred day simple moving average of $37.58. The company has a market capitalization of $556.55 million, a price-to-earnings ratio of 16.48 and a beta of 0.82.

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.