Geneos Wealth Management Inc. Has $28.82 Million Stake in Putnam Focused Large Cap Value ETF $PVAL

Geneos Wealth Management Inc. lifted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 394.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 716,366 shares of the company’s stock after acquiring an additional 571,471 shares during the quarter. Putnam Focused Large Cap Value ETF makes up approximately 0.7% of Geneos Wealth Management Inc.’s holdings, making the stock its 23rd largest holding. Geneos Wealth Management Inc. owned about 0.78% of Putnam Focused Large Cap Value ETF worth $28,819,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rothschild Investment LLC acquired a new position in Putnam Focused Large Cap Value ETF in the second quarter worth $67,000. Franklin Resources Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at about $94,000. Ameritas Advisory Services LLC acquired a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $121,000. Rockbridge Investment Management LCC bought a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $211,000. Finally, JGP Wealth Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $228,000.

Putnam Focused Large Cap Value ETF Trading Down 0.5%

Shares of NYSEARCA PVAL opened at $45.49 on Friday. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $45.86. The company has a 50-day moving average of $43.54 and a two-hundred day moving average of $41.80. The company has a market cap of $5.18 billion, a PE ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Monday, October 6th were given a $0.1029 dividend. This represents a $0.41 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, October 6th.

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.