Elyxium Wealth LLC Makes New Investment in Putnam Focused Large Cap Value ETF $PVAL

Elyxium Wealth LLC purchased a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,594 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors have also added to or reduced their stakes in PVAL. Commonwealth Equity Services LLC boosted its holdings in Putnam Focused Large Cap Value ETF by 205.7% in the first quarter. Commonwealth Equity Services LLC now owns 3,750,951 shares of the company’s stock worth $142,836,000 after acquiring an additional 2,523,936 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter worth about $99,874,000. HighTower Advisors LLC lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 1,460.3% during the first quarter. HighTower Advisors LLC now owns 1,332,525 shares of the company’s stock worth $50,743,000 after purchasing an additional 1,247,125 shares during the period. CWM LLC lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 40.5% during the second quarter. CWM LLC now owns 2,601,082 shares of the company’s stock worth $104,642,000 after purchasing an additional 750,161 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 140.2% during the first quarter. Envestnet Asset Management Inc. now owns 1,044,169 shares of the company’s stock worth $39,762,000 after purchasing an additional 609,468 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Putnam Focused Large Cap Value ETF stock opened at $43.16 on Tuesday. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $43.59. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The stock has a 50-day moving average price of $42.50 and a 200 day moving average price of $40.47.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Monday, October 6th were issued 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 1.0%.

Putnam Focused Large Cap Value ETF Company 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.