Embree Financial Group Invests $1.54 Million in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Embree Financial Group bought a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 41,576 shares of the company’s stock, valued at approximately $1,543,000.

Other large investors have also added to or reduced their stakes in the company. CWM LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter worth approximately $61,000,000. Glenmede Trust Co. NA lifted its position in shares of Putnam Focused Large Cap Value ETF by 29.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,039,113 shares of the company’s stock valued at $77,364,000 after acquiring an additional 464,165 shares during the period. Sanctuary Advisors LLC boosted its stake 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 worth $14,638,000 after acquiring an additional 357,761 shares in the last quarter. Cetera Investment Advisers grew its holdings in Putnam Focused Large Cap Value ETF by 49.7% in 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. increased its stake in Putnam Focused Large Cap Value ETF by 335.4% in the third quarter. Sowa Financial Group Inc. now owns 326,482 shares of the company’s stock valued at $12,387,000 after purchasing an additional 251,495 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.2 %

Shares of NYSEARCA PVAL opened at $38.99 on Friday. The firm has a market capitalization of $586.80 million, a P/E ratio of 16.48 and a beta of 0.82. The firm’s 50-day moving average price is $38.30 and its 200-day moving average price is $37.71. Putnam Focused Large Cap Value ETF has a 1-year low of $31.75 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.