Fifth Third Securities Inc. Invests $725,000 in Putnam Focused Large Cap Value ETF $PVAL

Fifth Third Securities Inc. purchased a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,980 shares of the company’s stock, valued at approximately $725,000.

Several other institutional investors and hedge funds have also bought and sold shares of PVAL. Rothschild Investment LLC bought a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $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 during the 2nd quarter worth approximately $121,000. Rockbridge Investment Management LCC bought a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $211,000. Finally, JGP Wealth Management LLC bought a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $228,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL opened at $45.47 on Monday. The firm has a 50 day simple moving average of $43.83 and a two-hundred day simple moving average of $42.07. Putnam Focused Large Cap Value ETF has a one year low of $32.83 and a one year high of $45.86. The company has a market cap of $5.18 billion, a P/E ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

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

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.