Baird Financial Group Inc. Makes New $15.53 Million Investment in Putnam Focused Large Cap Value ETF $PVAL

Baird Financial Group Inc. bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 385,950 shares of the company’s stock, valued at approximately $15,527,000. Baird Financial Group Inc. owned about 0.42% of Putnam Focused Large Cap Value ETF at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barnes Wealth Management Group Inc grew its position in Putnam Focused Large Cap Value ETF by 3.8% in 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 during the period. Key Client Fiduciary Advisors LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF by 6.6% in the second quarter. Key Client Fiduciary Advisors LLC now owns 10,028 shares of the company’s stock valued at $403,000 after buying an additional 620 shares in the last quarter. WESPAC Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 10.6% during the second quarter. WESPAC Advisors LLC now owns 8,250 shares of the company’s stock valued at $332,000 after buying an additional 789 shares during the last quarter. Per Stirling Capital Management LLC. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 0.7% during the first quarter. Per Stirling Capital Management LLC. now owns 126,859 shares of the company’s stock valued at $4,831,000 after buying an additional 836 shares during the last quarter. Finally, Comerica Bank increased its position in shares of 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 worth $242,000 after acquiring an additional 841 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.2%

Putnam Focused Large Cap Value ETF stock opened at $44.68 on Friday. The company has a market capitalization of $5.09 billion, a P/E ratio of 17.86 and a beta of 0.88. The firm has a 50 day moving average price of $43.30 and a 200-day moving average price of $41.56. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $44.90.

Putnam Focused Large Cap Value ETF Cuts Dividend

The firm also recently announced 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. 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 0.9%.

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.