Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC increased its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 22.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 626,946 shares of the company’s stock after purchasing an additional 115,426 shares during the quarter. Modern Wealth Management LLC owned 0.68% of Putnam Focused Large Cap Value ETF worth $25,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PVAL. Townsquare Capital LLC acquired a new position in Putnam Focused Large Cap Value ETF in the 1st quarter worth $260,000. Steward Partners Investment Advisory LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 147.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 221,810 shares of the company’s stock valued at $8,447,000 after acquiring an additional 132,333 shares in the last quarter. Capital Analysts LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 290.6% during the first quarter. Capital Analysts LLC now owns 250,997 shares of the company’s stock worth $9,558,000 after acquiring an additional 186,734 shares during the last quarter. CW Advisors LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the first quarter worth about $476,000. Finally, Barnes Wealth Management Group Inc boosted its holdings in Putnam Focused Large Cap Value ETF by 3.8% in the first quarter. Barnes Wealth Management Group Inc now owns 15,815 shares of the company’s stock valued at $602,000 after purchasing an additional 578 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Down 0.5%

Shares of NYSEARCA PVAL opened at $45.49 on Friday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $45.86. The business has a 50 day moving average price of $43.54 and a two-hundred day moving average price of $41.78. The firm has a market cap of $5.18 billion, a PE ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%.

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.