Rothschild Investment LLC Purchases New Shares in Putnam Focused Large Cap Value ETF $PVAL

Rothschild Investment LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the second quarter, HoldingsChannel reports. The fund purchased 1,675 shares of the company’s stock, valued at approximately $67,000.

A number of other institutional investors have also recently bought and sold shares of PVAL. Barnes Wealth Management Group Inc grew its position in shares of Putnam Focused Large Cap Value ETF by 3.8% during the 1st quarter. Barnes Wealth Management Group Inc now owns 15,815 shares of the company’s stock worth $602,000 after purchasing an additional 578 shares in the last quarter. Key Client Fiduciary Advisors LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 6.6% in the second quarter. Key Client Fiduciary Advisors LLC now owns 10,028 shares of the company’s stock valued at $403,000 after buying an additional 620 shares during the period. WESPAC Advisors LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 10.6% in the second quarter. WESPAC Advisors LLC now owns 8,250 shares of the company’s stock valued at $332,000 after buying an additional 789 shares during the period. Per Stirling Capital Management LLC. grew its position in Putnam Focused Large Cap Value ETF by 0.7% during the first quarter. Per Stirling Capital Management LLC. now owns 126,859 shares of the company’s stock worth $4,831,000 after buying an additional 836 shares in the last quarter. Finally, Comerica Bank increased its stake 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 period.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA PVAL opened at $43.14 on Thursday. The business has a fifty day moving average price of $42.89 and a two-hundred day moving average price of $41.04. The stock has a market capitalization of $4.92 billion, a PE ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $44.40.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Monday, October 6th were given 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 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.