Putnam Focused Large Cap Value ETF $PVAL Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 48.0% during the 3rd quarter, Holdings Channel reports. The fund owned 533,149 shares of the company’s stock after buying an additional 172,992 shares during the quarter. Putnam Focused Large Cap Value ETF comprises about 1.2% of Sax Wealth Advisors LLC’s holdings, making the stock its 16th biggest position. Sax Wealth Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $22,776,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PVAL. Cullen Frost Bankers Inc. purchased a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter valued at about $99,874,000. Northwestern Mutual Wealth Management Co. increased its stake in Putnam Focused Large Cap Value ETF by 106.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,904 shares of the company’s stock valued at $143,456,000 after purchasing an additional 1,841,717 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Putnam Focused Large Cap Value ETF by 19.6% in the second quarter. Bank of America Corp DE now owns 10,182,895 shares of the company’s stock worth $409,658,000 after acquiring an additional 1,669,903 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Putnam Focused Large Cap Value ETF by 27.1% during the 2nd quarter. Cetera Investment Advisers now owns 3,552,531 shares of the company’s stock valued at $142,918,000 after buying an additional 758,283 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the second quarter worth about $30,245,000.

Putnam Focused Large Cap Value ETF Trading Down 0.2%

Shares of PVAL stock opened at $45.89 on Wednesday. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $46.21. The company has a market cap of $5.23 billion, a PE ratio of 17.86 and a beta of 0.88. The company’s fifty day simple moving average is $44.31 and its 200-day simple moving average is $42.41.

Putnam Focused Large Cap Value ETF Dividend Announcement

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

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.