Putnam Focused Large Cap Value ETF $PVAL is Prosperity Financial Group Inc.’s 5th Largest Position

Prosperity Financial Group Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,510 shares of the company’s stock after buying an additional 12,365 shares during the quarter. Putnam Focused Large Cap Value ETF comprises approximately 2.8% of Prosperity Financial Group Inc.’s investment portfolio, making the stock its 5th biggest holding. Prosperity Financial Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $6,538,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PVAL. Stephens Inc. AR grew its stake 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 during the last quarter. Allworth Financial LP lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 11.2% during the first quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $109,000 after purchasing an additional 300 shares during the period. Barnes Wealth Management Group Inc boosted its position in Putnam Focused Large Cap Value ETF by 3.8% in the first quarter. Barnes Wealth Management Group Inc now owns 15,815 shares of the company’s stock valued at $602,000 after buying an additional 578 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its holdings in Putnam Focused Large Cap Value ETF by 6.6% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 10,028 shares of the company’s stock worth $403,000 after buying an additional 620 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake 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 valued at $297,000 after acquiring an additional 680 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

PVAL stock opened at $42.95 on Thursday. The company has a market capitalization of $4.78 billion, a P/E ratio of 17.86 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a 12 month low of $32.83 and a 12 month high of $43.12. The firm’s fifty day simple moving average is $42.20 and its 200-day simple moving average is $39.91.

Putnam Focused Large Cap Value ETF Cuts Dividend

The business 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. 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 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.