Clear Point Advisors Inc. Makes New $487,000 Investment in Putnam Focused Large Cap Value ETF $PVAL

Clear Point Advisors Inc. acquired a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,103 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors have also added to or reduced their stakes in the company. Northwest Capital Management Inc bought a new position in Putnam Focused Large Cap Value ETF in the 1st quarter worth $102,000. Allworth Financial LP increased its position in 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 valued at $109,000 after acquiring an additional 300 shares during the last quarter. Comerica Bank grew its holdings in Putnam Focused Large Cap Value ETF by 15.3% during the first quarter. Comerica Bank now owns 6,350 shares of the company’s stock valued at $242,000 after purchasing an additional 841 shares during the period. Townsquare Capital LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the first quarter worth about $260,000. Finally, WESPAC Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter worth about $284,000.

Putnam Focused Large Cap Value ETF Trading Up 0.7%

NYSEARCA:PVAL opened at $42.51 on Friday. Putnam Focused Large Cap Value ETF has a 12 month low of $32.83 and a 12 month high of $42.96. The business’s 50-day moving average is $41.53 and its 200 day moving average is $39.31. The company has a market capitalization of $3.92 billion, a P/E ratio of 17.86 and a beta of 0.89.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently disclosed 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 was Monday, July 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%.

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.