PVAL: How Putnam's $11.3 Billion Active Value ETF Keeps Punching Above Its Weight
2026-06-08 12:18:30 ET
Investment Thesis
The purpose of this article is to explain why I'm upgrading my rating on the Putnam Focused Large Cap Value ETF ( PVAL ) from a "hold" to a "buy." I last reviewed PVAL on October 31, 2024, and despite my concerns about growth trends and weak earnings revisions at the time, its managers have overcome the odds. PVAL has delivered a 36.66% gain since that review was published, beating out funds like the Fidelity High Dividend ETF ( FDVV ), the WisdomTree U.S. Quality Dividend Growth Fund ( DGRW ), and the Capital Group Dividend Value ETF ( CGDV ). It's even beaten the SPDR S&P 500 ETF ( SPY ) by 4.64% with less volatility, so all things considered, these results are fantastic....
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PVAL: How Putnam's $11.3 Billion Active Value ETF Keeps Punching Above Its Weight
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