Putnam Focused Large Cap Value ETF $PVAL Shares Bought by Embree Financial Group

Embree Financial Group boosted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 21.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 337,583 shares of the company’s stock after buying an additional 60,581 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for about 1.9% of Embree Financial Group’s portfolio, making the stock its 13th largest holding. Embree Financial Group owned about 0.31% of Putnam Focused Large Cap Value ETF worth $14,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PVAL. CW Advisors LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter worth $476,000. Barnes Wealth Management Group Inc boosted its holdings in Putnam Focused Large Cap Value ETF by 3.8% in the first 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 last quarter. Kestra Advisory Services LLC grew its position in Putnam Focused Large Cap Value ETF by 7.9% during the 1st quarter. Kestra Advisory Services LLC now owns 440,814 shares of the company’s stock worth $16,786,000 after purchasing an additional 32,349 shares during the period. Sax Wealth Advisors LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 76.1% during the 1st quarter. Sax Wealth Advisors LLC now owns 156,086 shares of the company’s stock valued at $5,944,000 after buying an additional 67,438 shares during the last quarter. Finally, Haverford Trust Co acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 1st quarter valued at about $6,706,000.

Putnam Focused Large Cap Value ETF Stock Up 0.2%

Shares of PVAL opened at $45.28 on Friday. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $45.86. The stock’s 50-day moving average price is $43.75 and its 200-day moving average price is $41.97.

Putnam Focused Large Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders 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.

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.