Principle Wealth Partners LLC Has $427,000 Stake in Putnam Focused Large Cap Value ETF $PVAL

Principle Wealth Partners LLC trimmed its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 5.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,615 shares of the company’s stock after selling 652 shares during the period. Principle Wealth Partners LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Prosperity Financial Group Inc. increased its holdings in Putnam Focused Large Cap Value ETF by 8.2% during the 2nd quarter. Prosperity Financial Group Inc. now owns 162,510 shares of the company’s stock valued at $6,538,000 after purchasing an additional 12,365 shares in the last quarter. Patten Group Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 18.2% in the 2nd quarter. Patten Group Inc. now owns 20,082 shares of the company’s stock valued at $808,000 after buying an additional 3,086 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $99,874,000. Sowa Financial Group Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 5.8% in the 2nd quarter. Sowa Financial Group Inc. now owns 519,537 shares of the company’s stock valued at $20,901,000 after buying an additional 28,336 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of Putnam Focused Large Cap Value ETF by 42.6% in the 2nd quarter. Stephens Inc. AR now owns 17,214 shares of the company’s stock valued at $693,000 after buying an additional 5,144 shares during the period.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA PVAL opened at $42.97 on Friday. The stock has a fifty day moving average of $42.24 and a 200-day moving average of $39.97. The stock has a market capitalization of $4.79 billion, a P/E ratio of 17.86 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $43.13.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, October 6th were paid a $0.1029 dividend. This represents a $0.41 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend 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.