Glenmede Investment Management LP Has $247.22 Million Position in Putnam Focused Large Cap Value ETF $PVAL

Glenmede Investment Management LP grew its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 15.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,787,089 shares of the company’s stock after purchasing an additional 789,767 shares during the period. Putnam Focused Large Cap Value ETF makes up 1.2% of Glenmede Investment Management LP’s portfolio, making the stock its 14th biggest position. Glenmede Investment Management LP owned about 5.08% of Putnam Focused Large Cap Value ETF worth $247,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PVAL. SeaCrest Wealth Management LLC raised its position in Putnam Focused Large Cap Value ETF by 16.9% during the third quarter. SeaCrest Wealth Management LLC now owns 106,240 shares of the company’s stock valued at $4,541,000 after buying an additional 15,337 shares during the period. UBS Group AG boosted its position in Putnam Focused Large Cap Value ETF by 4.5% during the 3rd quarter. UBS Group AG now owns 4,629,186 shares of the company’s stock worth $197,759,000 after acquiring an additional 200,317 shares during the period. Diversify Advisory Services LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 3rd quarter worth about $5,225,000. Modern Wealth Management LLC grew its stake in Putnam Focused Large Cap Value ETF by 93.6% during the 3rd quarter. Modern Wealth Management LLC now owns 1,196,507 shares of the company’s stock valued at $51,115,000 after acquiring an additional 578,599 shares in the last quarter. Finally, Per Stirling Capital Management LLC. increased its holdings in shares of 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 period.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA PVAL opened at $45.95 on Friday. The company has a 50 day simple moving average of $47.53 and a 200-day simple moving average of $44.90. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. 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 Dividend Announcement

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

About Putnam Focused Large Cap Value ETF

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.