Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Reaches New 12-Month High – Here’s What Happened

Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.81 and last traded at $43.6140, with a volume of 121867 shares traded. The stock had previously closed at $43.50.

Putnam Focused Large Cap Value ETF Stock Performance

The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The stock’s fifty day moving average is $42.61 and its two-hundred day moving average is $40.69.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Monday, October 6th were paid a dividend of $0.1029 per share. The ex-dividend date of this dividend was Monday, October 6th. This represents a $0.41 annualized dividend and a yield of 0.9%.

Institutional Investors Weigh In On Putnam Focused Large Cap Value ETF

A number of large investors have recently made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its stake in Putnam Focused Large Cap Value ETF by 10.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 65,862 shares of the company’s stock valued at $2,508,000 after acquiring an additional 6,048 shares during the period. Commonwealth Equity Services LLC lifted its position in Putnam Focused Large Cap Value ETF by 16.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,356,644 shares of the company’s stock worth $175,268,000 after acquiring an additional 605,693 shares during the period. Rollins Financial Advisors LLC increased its holdings in shares of Putnam Focused Large Cap Value ETF by 235.1% during the 1st quarter. Rollins Financial Advisors LLC now owns 55,783 shares of the company’s stock valued at $2,124,000 after purchasing an additional 39,137 shares in the last quarter. IVC Wealth Advisors LLC lifted its holdings in Putnam Focused Large Cap Value ETF by 48.1% in the 2nd quarter. IVC Wealth Advisors LLC now owns 270,420 shares of the company’s stock valued at $10,879,000 after purchasing an additional 87,824 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the first quarter valued at $354,000.

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.