Tempus Wealth Planning LLC Sells 44,590 Shares of Putnam Focused Large Cap Value ETF $PVAL

Tempus Wealth Planning LLC cut its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 40.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,930 shares of the company’s stock after selling 44,590 shares during the period. Tempus Wealth Planning LLC owned approximately 0.07% of Putnam Focused Large Cap Value ETF worth $2,612,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Northwest Capital Management Inc bought a new stake in Putnam Focused Large Cap Value ETF in the 1st quarter worth about $102,000. Allworth Financial LP grew its position in Putnam Focused Large Cap Value ETF by 11.2% in the 1st quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $109,000 after purchasing an additional 300 shares in the last quarter. Comerica Bank grew its position in Putnam Focused Large Cap Value ETF by 15.3% in the 1st quarter. Comerica Bank now owns 6,350 shares of the company’s stock worth $242,000 after purchasing an additional 841 shares in the last quarter. Townsquare Capital LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 1st quarter worth about $260,000. Finally, WESPAC Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 1st quarter worth about $284,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $42.51 on Friday. Putnam Focused Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $42.96. The company has a 50-day simple moving average of $41.53 and a two-hundred day simple moving average of $39.31. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, July 7th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, July 7th.

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.