SteelPeak Wealth LLC Sells 5,618 Shares of Putnam Focused Large Cap Value ETF $PVAL

SteelPeak Wealth LLC decreased its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 24.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,513 shares of the company’s stock after selling 5,618 shares during the quarter. SteelPeak Wealth LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $705,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PVAL. Northwest Capital Management Inc bought a new stake in shares of Putnam Focused Large Cap Value ETF in the 1st quarter worth about $102,000. Allworth Financial LP grew its holdings in Putnam Focused Large Cap Value ETF by 11.2% during the 1st quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $109,000 after acquiring an additional 300 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $121,000. Comerica Bank grew its holdings in Putnam Focused Large Cap Value ETF by 15.3% during the 1st quarter. Comerica Bank now owns 6,350 shares of the company’s stock worth $242,000 after acquiring an additional 841 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 1st quarter worth about $260,000.

Putnam Focused Large Cap Value ETF Stock Up 0.0%

Shares of NYSEARCA:PVAL opened at $42.74 on Thursday. Putnam Focused Large Cap Value ETF has a 12 month low of $32.83 and a 12 month high of $43.12. The company’s 50-day moving average price is $41.80 and its two-hundred day moving average price is $39.57. The firm has a market cap of $4.61 billion, a P/E ratio of 17.86 and a beta of 0.89.

Putnam Focused Large Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, October 6th were issued a dividend of $0.1029 per share. The ex-dividend date of this dividend was Monday, October 6th. This represents a $0.41 dividend on an annualized basis and a yield of 1.0%.

Putnam Focused Large Cap Value ETF Company 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.