Putnam Focused Large Cap Value ETF $PVAL Shares Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC increased its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 45.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,259 shares of the company’s stock after purchasing an additional 10,967 shares during the quarter. Belpointe Asset Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,506,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PVAL. Brown Advisory Inc. grew its holdings in shares of Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after buying an additional 300 shares in the last quarter. Cox Capital Mgt LLC boosted its position in Putnam Focused Large Cap Value ETF by 3.4% during the third quarter. Cox Capital Mgt LLC now owns 22,828 shares of the company’s stock worth $975,000 after acquiring an additional 749 shares during the last quarter. WESPAC Advisors LLC grew its stake in Putnam Focused Large Cap Value ETF by 10.6% during the 2nd quarter. WESPAC Advisors LLC now owns 8,250 shares of the company’s stock valued at $332,000 after acquiring an additional 789 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in Putnam Focused Large Cap Value ETF by 5.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 18,400 shares of the company’s stock valued at $786,000 after acquiring an additional 871 shares in the last quarter. Finally, ERn Financial LLC raised its holdings in Putnam Focused Large Cap Value ETF by 0.8% in the 3rd quarter. ERn Financial LLC now owns 131,875 shares of the company’s stock valued at $5,634,000 after acquiring an additional 987 shares during the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $47.26 on Thursday. The stock has a market cap of $7.59 billion, a P/E ratio of 17.86 and a beta of 0.88. The stock’s 50 day simple moving average is $45.69 and its 200-day simple moving average is $43.35. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $47.35.

Putnam Focused Large Cap Value ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued 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.