Cullen Frost Bankers Inc. Has $249.63 Million Stake in Putnam Focused Large Cap Value ETF $PVAL

Cullen Frost Bankers Inc. lifted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 135.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,843,370 shares of the company’s stock after purchasing an additional 3,360,792 shares during the period. Putnam Focused Large Cap Value ETF accounts for about 2.9% of Cullen Frost Bankers Inc.’s portfolio, making the stock its 5th biggest position. Cullen Frost Bankers Inc. owned 5.15% of Putnam Focused Large Cap Value ETF worth $249,629,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Putnam Focused Large Cap Value ETF by 19.6% in the second quarter. Bank of America Corp DE now owns 10,182,895 shares of the company’s stock valued at $409,658,000 after buying an additional 1,669,903 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 12.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,889,690 shares of the company’s stock valued at $208,888,000 after acquiring an additional 533,046 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Putnam Focused Large Cap Value ETF by 106.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,904 shares of the company’s stock valued at $143,456,000 after acquiring an additional 1,841,717 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Putnam Focused Large Cap Value ETF by 27.1% during the 2nd quarter. Cetera Investment Advisers now owns 3,552,531 shares of the company’s stock valued at $142,918,000 after acquiring an additional 758,283 shares during the period. Finally, CWM LLC boosted its stake in Putnam Focused Large Cap Value ETF by 17.4% during the third quarter. CWM LLC now owns 3,054,488 shares of the company’s stock worth $130,488,000 after acquiring an additional 453,406 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.4%

NYSEARCA:PVAL opened at $46.71 on Friday. Putnam Focused Large Cap Value ETF has a 12 month low of $32.83 and a 12 month high of $47.14. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The firm has a fifty day simple moving average of $45.45 and a two-hundred day simple moving average of $43.22.

Putnam Focused Large Cap Value ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a $0.1124 dividend. The ex-dividend date was 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.