Midwest Capital Advisors LLC Buys 14,992 Shares of Putnam Focused Large Cap Value ETF $PVAL

Midwest Capital Advisors LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,984 shares of the company’s stock after acquiring an additional 14,992 shares during the quarter. Putnam Focused Large Cap Value ETF makes up 2.2% of Midwest Capital Advisors LLC’s holdings, making the stock its 16th biggest holding. Midwest Capital Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $4,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. CWM LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 40.5% during the second quarter. CWM LLC now owns 2,601,082 shares of the company’s stock worth $104,642,000 after acquiring an additional 750,161 shares during the last quarter. Valmark Advisers Inc. bought a new stake in Putnam Focused Large Cap Value ETF in the second quarter worth approximately $770,000. WESPAC Advisors LLC increased its holdings in Putnam Focused Large Cap Value ETF by 10.6% in the second quarter. WESPAC Advisors LLC now owns 8,250 shares of the company’s stock worth $332,000 after purchasing an additional 789 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in Putnam Focused Large Cap Value ETF by 130.7% in the second quarter. Sax Wealth Advisors LLC now owns 360,157 shares of the company’s stock worth $14,489,000 after purchasing an additional 204,071 shares in the last quarter. Finally, IVC Wealth Advisors LLC increased its holdings in Putnam Focused Large Cap Value ETF by 48.1% in the second quarter. IVC Wealth Advisors LLC now owns 270,420 shares of the company’s stock worth $10,879,000 after purchasing an additional 87,824 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $41.58 on Friday. The company has a market cap of $4.54 billion, a P/E ratio of 17.86 and a beta of 0.89. The stock has a 50 day simple moving average of $41.87 and a two-hundred day simple moving average of $39.63. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $43.12.

Putnam Focused Large Cap Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, October 6th were issued a $0.1029 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, October 6th.

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.