Wealthcare Advisory Partners LLC Cuts Stake in Putnam Focused Large Cap Value ETF $PVAL

Wealthcare Advisory Partners LLC reduced its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,546 shares of the company’s stock after selling 1,398 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $1,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC grew its holdings in Putnam Focused Large Cap Value ETF by 10.1% in the first quarter. Kestra Private Wealth Services LLC now owns 65,862 shares of the company’s stock worth $2,508,000 after purchasing an additional 6,048 shares during the last quarter. Castle Wealth Management LLC purchased a new position in Putnam Focused Large Cap Value ETF in the first quarter worth $5,174,000. Rollins Financial Advisors LLC grew its holdings in Putnam Focused Large Cap Value ETF by 235.1% in the first quarter. Rollins Financial Advisors LLC now owns 55,783 shares of the company’s stock worth $2,124,000 after purchasing an additional 39,137 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Putnam Focused Large Cap Value ETF by 140.2% in the first quarter. Envestnet Asset Management Inc. now owns 1,044,169 shares of the company’s stock worth $39,762,000 after purchasing an additional 609,468 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in Putnam Focused Large Cap Value ETF by 2.5% in the first quarter. Stephens Inc. AR now owns 12,070 shares of the company’s stock worth $460,000 after purchasing an additional 292 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 0.4%

NYSEARCA PVAL opened at $42.73 on Wednesday. The firm has a market capitalization of $4.61 billion, a P/E ratio of 17.86 and a beta of 0.89. Putnam Focused Large Cap Value ETF has a 12-month low of $32.83 and a 12-month high of $43.12. The firm’s fifty day simple moving average is $41.77 and its two-hundred day simple moving average is $39.55.

Putnam Focused Large Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Monday, October 6th will be issued a dividend of $0.1029 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.0%.

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.