Envestnet Asset Management Inc. Has $167.33 Million Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Envestnet Asset Management Inc. grew its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 266.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,916,963 shares of the company’s stock after buying an additional 2,847,566 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $167,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PVAL. Rothschild Investment LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $67,000. Franklin Resources Inc. acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $94,000. Ameritas Advisory Services LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at about $121,000. CoreCap Advisors LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter worth about $123,000. Finally, Rockbridge Investment Management LCC bought a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter worth about $211,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $48.96 on Friday. The firm has a market cap of $8.04 billion, a PE ratio of 17.86 and a beta of 0.88. The business’s 50 day simple moving average is $46.27 and its 200 day simple moving average is $43.69. Putnam Focused Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $49.02.

Putnam Focused Large Cap Value ETF Dividend Announcement

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

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.