Sax Wealth Advisors LLC Boosts Holdings in Putnam Focused Large Cap Value ETF $PVAL

Sax Wealth Advisors LLC grew its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 48.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 533,149 shares of the company’s stock after acquiring an additional 172,992 shares during the period. Putnam Focused Large Cap Value ETF accounts for approximately 1.2% of Sax Wealth Advisors LLC’s portfolio, making the stock its 16th largest holding. Sax Wealth Advisors LLC owned 0.48% of Putnam Focused Large Cap Value ETF worth $22,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $3,900,000. Trademark Financial Management LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 429.2% during the third quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock valued at $6,149,000 after acquiring an additional 116,730 shares in the last quarter. Rollins Financial Advisors LLC lifted its position in shares of Putnam Focused Large Cap Value ETF by 69.2% in the 2nd quarter. Rollins Financial Advisors LLC now owns 94,388 shares of the company’s stock worth $3,797,000 after purchasing an additional 38,605 shares during the period. Commonwealth Equity Services LLC boosted 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 valued at $175,268,000 after acquiring an additional 605,693 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Putnam Focused Large Cap Value ETF by 10.4% in the second quarter. PNC Financial Services Group Inc. now owns 152,995 shares of the company’s stock worth $6,155,000 after purchasing an additional 14,444 shares during the period.

Putnam Focused Large Cap Value ETF Stock Down 0.2%

Shares of PVAL opened at $45.89 on Wednesday. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $46.21. The firm has a 50 day moving average of $44.31 and a 200 day moving average of $42.41. The company has a market capitalization of $5.23 billion, a P/E ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were given a dividend of $0.1124 per share. The ex-dividend date of this dividend was Friday, December 19th.

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.