Northwest Capital Management Inc Purchases 8,260 Shares of Putnam Focused Large Cap Value ETF $PVAL

Northwest Capital Management Inc raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 309.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,931 shares of the company’s stock after buying an additional 8,260 shares during the quarter. Northwest Capital Management Inc’s holdings in Putnam Focused Large Cap Value ETF were worth $440,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its stake in shares of 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 buying an additional 6,048 shares during the period. Castle Wealth Management LLC bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 1st quarter valued at $5,174,000. Rollins Financial Advisors LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 235.1% during the 1st 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 period. Envestnet Asset Management Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 140.2% during the 1st 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 period. Finally, Stephens Inc. AR raised its stake in shares of Putnam Focused Large Cap Value ETF by 2.5% during the 1st 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 period.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA:PVAL opened at $42.07 on Tuesday. Putnam Focused Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $43.12. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89. The business’s fifty day moving average is $41.91 and its 200 day moving average is $39.67.

Putnam Focused Large Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Monday, October 6th were paid 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 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.