Putnam Focused Large Cap Value ETF $PVAL Shares Sold by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC lessened its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 15.5% in the third quarter, HoldingsChannel reports. The firm owned 124,434 shares of the company’s stock after selling 22,856 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $5,316,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp purchased a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $3,900,000. Prostatis Group LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the third quarter worth about $3,727,000. Cullen Frost Bankers Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 135.4% during the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after buying an additional 3,360,792 shares in the last quarter. Trademark Financial Management LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 429.2% in the third quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock valued at $6,149,000 after buying an additional 116,730 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $748,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL opened at $46.56 on Monday. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $49.13. The company’s 50 day simple moving average is $47.47 and its 200 day simple moving average is $44.78. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a $0.1124 dividend. The ex-dividend date 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.