723,972 Shares in Putnam Focused Large Cap Value ETF $PVAL Bought by Drake & Associates LLC

Drake & Associates LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 723,972 shares of the company’s stock, valued at approximately $31,334,000. Putnam Focused Large Cap Value ETF accounts for about 6.6% of Drake & Associates LLC’s portfolio, making the stock its 3rd biggest position. Drake & Associates LLC owned approximately 0.64% of Putnam Focused Large Cap Value ETF as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Bank of America Corp DE raised its stake in Putnam Focused Large Cap Value ETF by 19.6% during the 2nd quarter. Bank of America Corp DE now owns 10,182,895 shares of the company’s stock valued at $409,658,000 after purchasing an additional 1,669,903 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Putnam Focused Large Cap Value ETF by 135.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after buying an additional 3,360,792 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 12.2% during the third quarter. Commonwealth Equity Services LLC now owns 4,889,690 shares of the company’s stock valued at $208,888,000 after buying an additional 533,046 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Putnam Focused Large Cap Value ETF by 266.3% during the third quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock valued at $167,333,000 after buying an additional 2,847,566 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 106.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,904 shares of the company’s stock worth $143,456,000 after buying an additional 1,841,717 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

PVAL opened at $48.78 on Thursday. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The company has a fifty day moving average of $46.53 and a 200 day moving average of $43.87. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $49.13.

Putnam Focused Large Cap Value ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were given a dividend of $0.1124 per share. 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.