Midwest Capital Advisors LLC Purchases 14,992 Shares of Putnam Focused Large Cap Value ETF $PVAL

Midwest Capital Advisors LLC raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,984 shares of the company’s stock after purchasing an additional 14,992 shares during the quarter. Putnam Focused Large Cap Value ETF accounts for about 2.2% of Midwest Capital Advisors LLC’s holdings, making the stock its 16th biggest holding. Midwest Capital Advisors LLC owned about 0.12% of Putnam Focused Large Cap Value ETF worth $4,224,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC raised its position 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 valued at $2,508,000 after purchasing an additional 6,048 shares during the last quarter. Castle Wealth Management LLC bought a new position in Putnam Focused Large Cap Value ETF in the first quarter valued at about $5,174,000. Rollins Financial Advisors LLC raised its position 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 valued at $2,124,000 after purchasing an additional 39,137 shares during the last quarter. Envestnet Asset Management Inc. raised its position 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 valued at $39,762,000 after purchasing an additional 609,468 shares during the last quarter. Finally, Stephens Inc. AR raised its position 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 valued at $460,000 after purchasing an additional 292 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Down 1.9%

Putnam Focused Large Cap Value ETF stock opened at $41.58 on Friday. Putnam Focused Large Cap Value ETF has a 12 month low of $32.83 and a 12 month high of $43.12. The company has a market capitalization of $4.54 billion, a PE ratio of 17.86 and a beta of 0.89. The stock has a 50-day moving average price of $41.87 and a two-hundred day moving average price of $39.63.

Putnam Focused Large Cap Value ETF Cuts Dividend

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

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.