Northwest Capital Management Inc Raises Holdings in Putnam Focused Large Cap Value ETF $PVAL

Northwest Capital Management Inc boosted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 309.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 10,931 shares of the company’s stock after buying an additional 8,260 shares during the quarter. Northwest Capital Management Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $440,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PVAL. Allworth Financial LP boosted its holdings in Putnam Focused Large Cap Value ETF by 11.2% during the 1st quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock valued at $109,000 after acquiring an additional 300 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter valued at about $121,000. Comerica Bank boosted its holdings in Putnam Focused Large Cap Value ETF by 15.3% during the 1st quarter. Comerica Bank now owns 6,350 shares of the company’s stock valued at $242,000 after acquiring an additional 841 shares during the period. Townsquare Capital LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 1st quarter valued at about $260,000. Finally, WESPAC Advisors LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the 1st quarter valued at about $284,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $42.07 on Tuesday. The stock has a market capitalization of $4.66 billion, a PE ratio of 17.86 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $43.12. The business has a 50-day moving average of $41.91 and a 200 day moving average of $39.67.

Putnam Focused Large Cap Value ETF Cuts Dividend

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

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.