Diversify Advisory Services LLC Makes New $5.23 Million Investment in Putnam Focused Large Cap Value ETF $PVAL

Diversify Advisory Services LLC bought a new position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 121,060 shares of the company’s stock, valued at approximately $5,225,000. Diversify Advisory Services LLC owned about 0.11% of Putnam Focused Large Cap Value ETF as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Modern Wealth Management LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 93.6% in the third quarter. Modern Wealth Management LLC now owns 1,196,507 shares of the company’s stock valued at $51,115,000 after purchasing an additional 578,599 shares during the period. Per Stirling Capital Management LLC. boosted its holdings in Putnam Focused Large Cap Value ETF by 4.5% in the 3rd quarter. Per Stirling Capital Management LLC. now owns 136,826 shares of the company’s stock valued at $5,845,000 after purchasing an additional 5,940 shares during the last quarter. Trustmark Bank Trust Department boosted its holdings in Putnam Focused Large Cap Value ETF by 3.2% in the 3rd quarter. Trustmark Bank Trust Department now owns 32,448 shares of the company’s stock valued at $1,386,000 after purchasing an additional 1,000 shares during the last quarter. Smith Moore & CO. grew its stake in shares of Putnam Focused Large Cap Value ETF by 30.3% in the 3rd quarter. Smith Moore & CO. now owns 8,610 shares of the company’s stock valued at $368,000 after buying an additional 2,004 shares during the period. Finally, Arete Wealth Advisors LLC grew its stake in shares of Putnam Focused Large Cap Value ETF by 3.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 599,503 shares of the company’s stock valued at $25,611,000 after buying an additional 20,689 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA PVAL opened at $46.56 on Monday. The company has a market capitalization of $7.64 billion, a P/E ratio of 17.86 and a beta of 0.88. The company has a 50 day simple moving average of $47.47 and a 200-day simple moving average of $44.78. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $49.13.

Putnam Focused Large Cap Value ETF Announces Dividend

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