Putnam Focused Large Cap Value ETF $PVAL Shares Sold by Nvest Financial LLC

Nvest Financial LLC trimmed its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,775 shares of the company’s stock after selling 729 shares during the period. Nvest Financial LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $353,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Stephens Inc. AR grew its holdings in Putnam Focused Large Cap Value ETF by 2.5% during the 1st quarter. Stephens Inc. AR now owns 12,070 shares of the company’s stock valued at $460,000 after purchasing an additional 292 shares in the last quarter. Allworth Financial LP grew 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 purchasing an additional 300 shares in the last quarter. Barnes Wealth Management Group Inc grew its holdings in Putnam Focused Large Cap Value ETF by 3.8% during the 1st quarter. Barnes Wealth Management Group Inc now owns 15,815 shares of the company’s stock valued at $602,000 after purchasing an additional 578 shares in the last quarter. Key Client Fiduciary Advisors LLC grew its holdings in Putnam Focused Large Cap Value ETF by 6.6% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 10,028 shares of the company’s stock valued at $403,000 after purchasing an additional 620 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in Putnam Focused Large Cap Value ETF by 9.6% during the 1st quarter. Verdence Capital Advisors LLC now owns 7,790 shares of the company’s stock worth $297,000 after acquiring an additional 680 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $42.82 on Thursday. The firm has a market cap of $4.72 billion, a P/E 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 firm has a fifty day moving average of $42.00 and a two-hundred day moving average of $39.71.

Putnam Focused Large Cap Value ETF Cuts Dividend

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

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.