Putnam Focused Large Cap Value ETF $PVAL Shares Purchased by MAI Capital Management

MAI Capital Management raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 124.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,605 shares of the company’s stock after buying an additional 52,418 shares during the period. MAI Capital Management owned about 0.10% of Putnam Focused Large Cap Value ETF worth $3,806,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in shares of Putnam Focused Large Cap Value ETF by 16.1% in the second quarter. Commonwealth Equity Services LLC now owns 4,356,644 shares of the company’s stock worth $175,268,000 after acquiring an additional 605,693 shares during the last quarter. Rollins Financial Advisors LLC lifted its holdings in Putnam Focused Large Cap Value ETF by 235.1% in the 1st quarter. Rollins Financial Advisors LLC now owns 55,783 shares of the company’s stock valued at $2,124,000 after purchasing an additional 39,137 shares in the last quarter. IVC Wealth Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF by 48.1% during the 2nd quarter. IVC Wealth Advisors LLC now owns 270,420 shares of the company’s stock worth $10,879,000 after purchasing an additional 87,824 shares during the last quarter. CW Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 1st quarter worth $476,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 62.8% during the first quarter. PNC Financial Services Group Inc. now owns 138,551 shares of the company’s stock worth $5,276,000 after buying an additional 53,460 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 1.3%

Shares of NYSEARCA PVAL opened at $43.39 on Friday. The firm has a 50-day simple moving average of $42.92 and a 200-day simple moving average of $41.13. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $44.40.

Putnam Focused Large Cap Value ETF Cuts Dividend

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

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.