Wealthspire Advisors LLC Trims Stake in Putnam Focused Large Cap Value ETF $PVAL

Wealthspire Advisors LLC lessened its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 28.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 266,003 shares of the company’s stock after selling 105,752 shares during the quarter. Wealthspire Advisors LLC owned 0.30% of Putnam Focused Large Cap Value ETF worth $10,701,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PVAL. Bank of New York Mellon Corp raised its position in Putnam Focused Large Cap Value ETF by 11.5% in the 1st quarter. Bank of New York Mellon Corp now owns 73,278 shares of the company’s stock worth $2,790,000 after purchasing an additional 7,585 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of Putnam Focused Large Cap Value ETF by 10.1% during the first quarter. Kestra Private Wealth Services LLC now owns 65,862 shares of the company’s stock valued at $2,508,000 after buying an additional 6,048 shares during the period. IFP Advisors Inc grew its stake in shares of Putnam Focused Large Cap Value ETF by 22.0% during the first quarter. IFP Advisors Inc now owns 21,588 shares of the company’s stock valued at $822,000 after buying an additional 3,900 shares during the last quarter. Principle Wealth Partners LLC raised its holdings in shares of Putnam Focused Large Cap Value ETF by 50.0% in the first quarter. Principle Wealth Partners LLC now owns 11,267 shares of the company’s stock worth $429,000 after buying an additional 3,754 shares during the period. Finally, Brookwood Investment Group LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $354,000.

Putnam Focused Large Cap Value ETF Price Performance

PVAL opened at $43.20 on Wednesday. The business has a fifty day moving average of $42.87 and a 200 day moving average of $41.03. The stock has a market cap of $4.92 billion, a P/E 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 business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, October 6th were paid a dividend of $0.1029 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, October 6th.

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.