Provident Wealth Management LLC Has $2.44 Million Stock Holdings in Putnam Focused Large Cap Value ETF $PVAL

Provident Wealth Management LLC decreased its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,600 shares of the company’s stock after selling 5,414 shares during the quarter. Putnam Focused Large Cap Value ETF comprises about 0.8% of Provident Wealth Management LLC’s portfolio, making the stock its 17th biggest holding. Provident Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $2,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 12.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 428,069 shares of the company’s stock worth $17,221,000 after purchasing an additional 47,057 shares during the last quarter. Clear Point Advisors Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth approximately $487,000. Embree Financial Group increased its position in shares of Putnam Focused Large Cap Value ETF by 47.6% during the 2nd quarter. Embree Financial Group now owns 277,002 shares of the company’s stock worth $11,144,000 after purchasing an additional 89,394 shares during the last quarter. Essex Financial Services Inc. increased its position in shares of Putnam Focused Large Cap Value ETF by 22.2% during the 2nd quarter. Essex Financial Services Inc. now owns 76,956 shares of the company’s stock worth $3,096,000 after purchasing an additional 13,987 shares during the last quarter. Finally, StoneCrest Wealth Management Inc. increased its position in shares of Putnam Focused Large Cap Value ETF by 1.7% during the 2nd quarter. StoneCrest Wealth Management Inc. now owns 182,199 shares of the company’s stock worth $7,330,000 after purchasing an additional 3,018 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.2%

NYSEARCA:PVAL opened at $42.72 on Wednesday. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $42.96. The stock’s 50 day moving average price is $41.60 and its two-hundred day moving average price is $39.38.

Putnam Focused Large Cap Value ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, July 7th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%.

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.