HighTower Advisors LLC Sells 34,335 Shares of Putnam Focused Large Cap Value ETF $PVAL

HighTower Advisors LLC decreased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,190,096 shares of the company’s stock after selling 34,335 shares during the quarter. HighTower Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $50,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. M&T Bank Corp purchased a new position in Putnam Focused Large Cap Value ETF during the second quarter valued at $3,900,000. Prostatis Group LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the 3rd quarter worth about $3,727,000. Cullen Frost Bankers Inc. lifted its position in 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 valued at $249,629,000 after acquiring an additional 3,360,792 shares during the period. Trademark Financial Management LLC lifted its position in Putnam Focused Large Cap Value ETF by 429.2% during the 3rd quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock valued at $6,149,000 after acquiring an additional 116,730 shares during the period. Finally, Rollins Financial Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF by 69.2% during the second quarter. Rollins Financial Advisors LLC now owns 94,388 shares of the company’s stock worth $3,797,000 after acquiring an additional 38,605 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL opened at $48.40 on Wednesday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $49.13. The firm’s 50-day simple moving average is $46.83 and its two-hundred day simple moving average is $44.11. The stock has a market cap of $7.94 billion, a PE ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Investors 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 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.