Putnam Focused Large Cap Value ETF $PVAL Shares Purchased by Horizon Family Wealth Inc.

Horizon Family Wealth Inc. increased its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 19.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,382 shares of the company’s stock after purchasing an additional 14,659 shares during the period. Putnam Focused Large Cap Value ETF accounts for 2.2% of Horizon Family Wealth Inc.’s portfolio, making the stock its 12th largest position. Horizon Family Wealth Inc. owned approximately 0.08% of Putnam Focused Large Cap Value ETF worth $3,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PVAL. Fifth Third Bancorp bought a new position in shares of Putnam Focused Large Cap Value ETF during the third quarter worth about $63,000. Rothschild Investment LLC acquired a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter valued at about $67,000. Franklin Resources Inc. bought a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter worth about $94,000. CoreCap Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $123,000. Finally, Rockbridge Investment Management LCC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $211,000.

Putnam Focused Large Cap Value ETF Trading Up 0.6%

Shares of NYSEARCA PVAL opened at $48.67 on Thursday. Putnam Focused Large Cap Value ETF has a 12-month low of $32.83 and a 12-month high of $49.13. The company has a market cap of $7.99 billion, a PE ratio of 17.86 and a beta of 0.88. The stock has a 50 day simple moving average of $46.89 and a 200-day simple moving average of $44.14.

Putnam Focused Large Cap Value ETF Announces Dividend

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

About Putnam Focused Large Cap Value ETF

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.