Cwm LLC Raises Position in Putnam Focused Large Cap Value ETF $PVAL

Cwm LLC boosted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 40.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,601,082 shares of the company’s stock after buying an additional 750,161 shares during the period. Cwm LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $104,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of PVAL. Commonwealth Equity Services LLC grew its stake 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 valued at $142,836,000 after buying an additional 2,523,936 shares in the last quarter. HighTower Advisors LLC grew its stake in Putnam Focused Large Cap Value ETF by 1,460.3% in the 1st quarter. HighTower Advisors LLC now owns 1,332,525 shares of the company’s stock valued at $50,743,000 after buying an additional 1,247,125 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Putnam Focused Large Cap Value ETF by 140.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,044,169 shares of the company’s stock valued at $39,762,000 after buying an additional 609,468 shares in the last quarter. Cetera Investment Advisers grew its stake in Putnam Focused Large Cap Value ETF by 20.9% in the 1st quarter. Cetera Investment Advisers now owns 2,794,248 shares of the company’s stock valued at $106,405,000 after buying an additional 483,625 shares in the last quarter. Finally, Modern Wealth Management LLC grew its stake in Putnam Focused Large Cap Value ETF by 335.2% in the 1st quarter. Modern Wealth Management LLC now owns 511,520 shares of the company’s stock valued at $19,479,000 after buying an additional 393,976 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 1.9%

Putnam Focused Large Cap Value ETF stock opened at $41.58 on Friday. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $43.12. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89. The firm has a 50 day simple moving average of $41.87 and a 200 day simple moving average of $39.63.

Putnam Focused Large Cap Value ETF Cuts Dividend

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

Putnam Focused Large Cap Value ETF 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.