Sanctuary Advisors LLC Purchases 357,761 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Sanctuary Advisors LLC boosted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2,963.3% in the third quarter, Holdings Channel reports. The fund owned 369,834 shares of the company’s stock after acquiring an additional 357,761 shares during the period. Sanctuary Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $14,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Putnam Focused Large Cap Value ETF Stock Down 0.4 %

Shares of PVAL stock opened at $38.34 on Friday. The firm has a market cap of $577.02 million, a price-to-earnings ratio of 16.48 and a beta of 0.82. The stock has a 50-day moving average price of $38.75 and a 200 day moving average price of $37.39. Putnam Focused Large Cap Value ETF has a 12 month low of $30.83 and a 12 month 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.