Allegheny Financial Group Grows Holdings in Putnam Focused Large Cap Value ETF $PVAL

Allegheny Financial Group boosted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 43.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,420,552 shares of the company’s stock after buying an additional 432,980 shares during the quarter. Putnam Focused Large Cap Value ETF makes up approximately 11.3% of Allegheny Financial Group’s investment portfolio, making the stock its largest position. Allegheny Financial Group owned 1.25% of Putnam Focused Large Cap Value ETF worth $60,686,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter worth $67,000. Franklin Resources Inc. bought a new stake in Putnam Focused Large Cap Value ETF in the second quarter valued at $94,000. CoreCap Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter valued at about $123,000. Rockbridge Investment Management LCC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at approximately $211,000. Finally, JGP Wealth Management LLC bought a new stake in Putnam Focused Large Cap Value ETF during the 2nd quarter valued at $228,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL opened at $48.74 on Wednesday. The firm has a market capitalization of $8.00 billion, a P/E ratio of 17.86 and a beta of 0.88. The stock has a 50 day moving average price of $46.45 and a two-hundred day moving average price of $43.84. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $49.13.

Putnam Focused Large Cap Value ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a dividend of $0.1124 per share. The ex-dividend date of this dividend was Friday, December 19th.

Putnam Focused Large Cap Value ETF Company 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.