Breakwater Capital Group Buys Shares of 10,983 Putnam Focused Large Cap Value ETF $PVAL

Breakwater Capital Group bought a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the third quarter, Holdings Channel reports. The fund bought 10,983 shares of the company’s stock, valued at approximately $469,000.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in Putnam Focused Large Cap Value ETF by 19.6% during the second quarter. Bank of America Corp DE now owns 10,182,895 shares of the company’s stock valued at $409,658,000 after purchasing an additional 1,669,903 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of Putnam Focused Large Cap Value ETF by 135.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after acquiring an additional 3,360,792 shares during the period. Commonwealth Equity Services LLC increased its holdings in Putnam Focused Large Cap Value ETF by 12.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,889,690 shares of the company’s stock worth $208,888,000 after acquiring an additional 533,046 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Putnam Focused Large Cap Value ETF by 266.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock valued at $167,333,000 after acquiring an additional 2,847,566 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Putnam Focused Large Cap Value ETF by 106.8% during 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.

Putnam Focused Large Cap Value ETF Stock Up 0.1%

Shares of NYSEARCA:PVAL opened at $49.01 on Tuesday. The firm has a market capitalization of $8.04 billion, a PE ratio of 17.86 and a beta of 0.88. The company has a 50-day moving average price of $46.36 and a two-hundred day moving average price of $43.78. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $49.13.

Putnam Focused Large Cap Value ETF Dividend Announcement

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