Arete Wealth Advisors LLC Decreases Stock Holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Arete Wealth Advisors LLC lessened its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 278,395 shares of the company’s stock after selling 7,650 shares during the quarter. Putnam Focused Large Cap Value ETF makes up about 0.9% of Arete Wealth Advisors LLC’s holdings, making the stock its 21st largest position. Arete Wealth Advisors LLC owned 1.85% of Putnam Focused Large Cap Value ETF worth $10,526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $40,000. Clear Point Advisors Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth about $61,000. Allworth Financial LP lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 79.8% in the 3rd quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock valued at $98,000 after purchasing an additional 1,145 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $205,000. Finally, Cozad Asset Management Inc. purchased a new position in Putnam Focused Large Cap Value ETF during the 3rd quarter worth approximately $208,000.

Putnam Focused Large Cap Value ETF Trading Down 0.6 %

Shares of NYSEARCA PVAL opened at $38.77 on Wednesday. The stock has a market cap of $583.49 million, a P/E ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a twelve month low of $30.30 and a twelve month high of $40.07. The stock has a 50 day moving average of $38.70 and a two-hundred day moving average of $37.34.

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.