Putnam Focused Large Cap Value ETF $PVAL Position Raised by Keystone Financial Services LLC

Keystone Financial Services LLC lifted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 4.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 341,241 shares of the company’s stock after acquiring an additional 15,711 shares during the period. Putnam Focused Large Cap Value ETF accounts for 10.4% of Keystone Financial Services LLC’s investment portfolio, making the stock its 2nd biggest holding. Keystone Financial Services LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $13,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $67,000. Franklin Resources Inc. purchased a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter worth about $94,000. Ameritas Advisory Services LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth about $121,000. Rockbridge Investment Management LCC purchased a new stake in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $211,000. Finally, JGP Wealth Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $228,000.

Putnam Focused Large Cap Value ETF Trading Up 0.8%

Shares of NYSEARCA:PVAL opened at $45.70 on Friday. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $45.72. The company has a market cap of $5.21 billion, a PE ratio of 17.86 and a beta of 0.88. The company’s 50 day moving average is $43.49 and its 200 day moving average is $41.73.

Putnam Focused Large Cap Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, October 6th were paid a $0.1029 dividend. The ex-dividend date was Monday, October 6th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.9%.

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.