Sax Wealth Advisors LLC Raises Position in Putnam Focused Large Cap Value ETF $PVAL

Sax Wealth Advisors LLC increased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 130.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 360,157 shares of the company’s stock after purchasing an additional 204,071 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for 0.9% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Sax Wealth Advisors LLC owned 0.41% of Putnam Focused Large Cap Value ETF worth $14,489,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its position in Putnam Focused Large Cap Value ETF by 205.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 3,750,951 shares of the company’s stock worth $142,836,000 after purchasing an additional 2,523,936 shares during the period. Cetera Investment Advisers increased its position in shares of Putnam Focused Large Cap Value ETF by 20.9% in the first quarter. Cetera Investment Advisers now owns 2,794,248 shares of the company’s stock valued at $106,405,000 after acquiring an additional 483,625 shares during the period. CWM LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 10.1% in the first quarter. CWM LLC now owns 1,850,921 shares of the company’s stock valued at $70,483,000 after acquiring an additional 170,196 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Putnam Focused Large Cap Value ETF by 25.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,724,187 shares of the company’s stock valued at $65,657,000 after acquiring an additional 352,062 shares during the period. Finally, Opal Wealth Advisors LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 3.7% in the second quarter. Opal Wealth Advisors LLC now owns 1,482,253 shares of the company’s stock valued at $59,631,000 after acquiring an additional 52,744 shares during the period.

Putnam Focused Large Cap Value ETF Trading Down 0.4%

PVAL stock opened at $42.73 on Wednesday. The firm’s 50-day moving average price is $41.77 and its two-hundred day moving average price is $39.55. Putnam Focused Large Cap Value ETF has a 12-month low of $32.83 and a 12-month high of $43.12. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Monday, October 6th will be given a $0.1029 dividend. The ex-dividend date is Monday, October 6th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.0%.

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.