Corient Private Wealth LLC Buys 439,407 Shares of Putnam Focused Large Cap Value ETF $PVAL

Corient Private Wealth LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 534.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 521,618 shares of the company’s stock after purchasing an additional 439,407 shares during the quarter. Corient Private Wealth LLC owned 0.57% of Putnam Focused Large Cap Value ETF worth $20,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PVAL. Rothschild Investment LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter worth $67,000. Franklin Resources Inc. bought a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $94,000. Ameritas Advisory Services LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter valued at $121,000. Rockbridge Investment Management LCC bought a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth $211,000. Finally, JGP Wealth Management LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter worth $228,000.

Putnam Focused Large Cap Value ETF Trading Down 0.4%

Putnam Focused Large Cap Value ETF stock opened at $45.17 on Thursday. The stock has a 50-day moving average price of $43.69 and a two-hundred day moving average price of $41.95. Putnam Focused Large Cap Value ETF has a 12 month low of $32.83 and a 12 month high of $45.86. The company has a market capitalization of $5.15 billion, a PE ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Cuts Dividend

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