Putnam Focused Large Cap Value ETF $PVAL Stock Holdings Increased by Modern Wealth Management LLC

Modern Wealth Management LLC lifted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 22.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 626,946 shares of the company’s stock after purchasing an additional 115,426 shares during the quarter. Modern Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $25,222,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at about $67,000. Franklin Resources Inc. acquired a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter valued at about $94,000. Ameritas Advisory Services LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $121,000. Rockbridge Investment Management LCC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter worth approximately $211,000. Finally, JGP Wealth Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $228,000.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $45.49 on Friday. Putnam Focused Large Cap Value ETF has a 12 month low of $32.83 and a 12 month high of $45.86. The firm has a market capitalization of $5.18 billion, a PE ratio of 17.86 and a beta of 0.88. The company’s 50 day simple moving average is $43.54 and its 200 day simple moving average is $41.78.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, October 6th were given a dividend of $0.1029 per share. The ex-dividend date was Monday, October 6th. This represents a $0.41 annualized dividend and a dividend yield of 0.9%.

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.