AdvisorNet Financial Inc Has $20.96 Million Holdings in Putnam Focused Large Cap Value ETF $PVAL

AdvisorNet Financial Inc boosted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 23.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 490,536 shares of the company’s stock after purchasing an additional 94,419 shares during the period. Putnam Focused Large Cap Value ETF comprises about 1.2% of AdvisorNet Financial Inc’s portfolio, making the stock its 18th largest holding. AdvisorNet Financial Inc owned 0.45% of Putnam Focused Large Cap Value ETF worth $20,956,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in Putnam Focused Large Cap Value ETF during the second quarter valued at approximately $67,000. Franklin Resources Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth approximately $94,000. Ameritas Advisory Services LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at approximately $121,000. Rockbridge Investment Management LCC bought a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at $211,000. Finally, JGP Wealth Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at $228,000.

Putnam Focused Large Cap Value ETF Trading Up 0.4%

NYSEARCA PVAL opened at $45.47 on Friday. The firm has a market capitalization of $5.18 billion, a P/E ratio of 17.86 and a beta of 0.88. The firm’s fifty day moving average price is $43.83 and its two-hundred day moving average price is $42.02. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $45.86.

Putnam Focused Large Cap Value ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, December 23rd. Investors of record on Friday, December 19th will be paid a $0.1124 dividend. The ex-dividend date is Friday, December 19th.

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.