Integrated Advisors Network LLC Increases Position in Putnam Focused Large Cap Value ETF $PVAL

Integrated Advisors Network LLC increased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 12.3% during the third quarter, Holdings Channel reports. The fund owned 156,832 shares of the company’s stock after acquiring an additional 17,157 shares during the quarter. Integrated Advisors Network LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $6,700,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of Putnam Focused Large Cap Value ETF by 19.6% during the 2nd quarter. Bank of America Corp DE now owns 10,182,895 shares of the company’s stock worth $409,658,000 after purchasing an additional 1,669,903 shares during the period. Cullen Frost Bankers Inc. increased its stake in Putnam Focused Large Cap Value ETF by 135.4% in the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after purchasing an additional 3,360,792 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Putnam Focused Large Cap Value ETF by 12.2% in the third quarter. Commonwealth Equity Services LLC now owns 4,889,690 shares of the company’s stock valued at $208,888,000 after purchasing an additional 533,046 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Putnam Focused Large Cap Value ETF by 266.3% during the third quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock worth $167,333,000 after buying an additional 2,847,566 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Putnam Focused Large Cap Value ETF by 106.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,904 shares of the company’s stock worth $143,456,000 after buying an additional 1,841,717 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

PVAL opened at $48.62 on Friday. Putnam Focused Large Cap Value ETF has a 12 month low of $32.83 and a 12 month high of $49.13. The business has a 50-day moving average of $47.25 and a two-hundred day moving average of $44.45. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 23rd. Investors 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.

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.