Sovran Advisors LLC Has $5.45 Million Stake in Putnam Focused Large Cap Value ETF $PVAL

Sovran Advisors LLC raised its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,342 shares of the company’s stock after purchasing an additional 19,818 shares during the quarter. Sovran Advisors LLC owned 0.11% of Putnam Focused Large Cap Value ETF worth $5,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. M&T Bank Corp acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $3,900,000. Trademark Financial Management LLC grew its position in 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 purchasing an additional 116,730 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Putnam Focused Large Cap Value ETF by 135.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after buying an additional 3,360,792 shares during the period. Rollins Financial Advisors LLC lifted its position in 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 buying an additional 38,605 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 12.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,889,690 shares of the company’s stock valued at $208,888,000 after acquiring an additional 533,046 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.4%

NYSEARCA PVAL opened at $46.71 on Monday. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $47.14. The firm’s fifty day simple moving average is $45.45 and its 200-day simple moving average is $43.24. The company has a market capitalization of $7.48 billion, a PE ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

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

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.