Elevation Point Wealth Partners LLC Invests $30.25 Million in Putnam Focused Large Cap Value ETF $PVAL

Elevation Point Wealth Partners LLC acquired a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 751,791 shares of the company’s stock, valued at approximately $30,245,000. Putnam Focused Large Cap Value ETF accounts for 2.4% of Elevation Point Wealth Partners LLC’s portfolio, making the stock its 6th biggest holding. Elevation Point Wealth Partners LLC owned 0.81% of Putnam Focused Large Cap Value ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of PVAL. J.W. Cole Advisors Inc. raised its stake in Putnam Focused Large Cap Value ETF by 32.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 109,061 shares of the company’s stock valued at $4,388,000 after purchasing an additional 26,738 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $229,000. Steward Partners Investment Advisory LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 23.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 274,544 shares of the company’s stock valued at $11,045,000 after buying an additional 52,734 shares during the last quarter. Cozad Asset Management Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 80.6% during the second quarter. Cozad Asset Management Inc. now owns 16,874 shares of the company’s stock valued at $679,000 after buying an additional 7,531 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at about $94,000.

Putnam Focused Large Cap Value ETF Stock Up 0.7%

Shares of PVAL opened at $44.46 on Thursday. Putnam Focused Large Cap Value ETF has a 12-month low of $32.83 and a 12-month high of $44.60. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The stock’s 50-day moving average price is $43.02 and its 200 day moving average price is $41.27.

Putnam Focused Large Cap Value ETF Cuts Dividend

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

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.