Harbour Investments Inc. Acquires 30,267 Shares of Putnam Focused Large Cap Value ETF $PVAL

Harbour Investments Inc. grew its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 39.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 107,854 shares of the company’s stock after acquiring an additional 30,267 shares during the period. Harbour Investments Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $4,339,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 10.1% during the 1st 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 in the last quarter. Castle Wealth Management LLC bought a new stake in Putnam Focused Large Cap Value ETF during the first quarter worth approximately $5,174,000. Rollins Financial Advisors LLC raised its position in Putnam Focused Large Cap Value ETF by 235.1% during 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 period. Envestnet Asset Management Inc. raised its position in Putnam Focused Large Cap Value ETF by 140.2% during 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 period. Finally, Stephens Inc. AR lifted its stake in shares of Putnam Focused Large Cap Value ETF by 2.5% in 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 last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $42.82 on Thursday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 17.86 and a beta of 0.89. The stock has a 50 day moving average price of $42.00 and a 200-day moving average price of $39.71. Putnam Focused Large Cap Value ETF has a one year low of $32.83 and a one year high of $43.12.

Putnam Focused Large Cap Value ETF Cuts Dividend

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

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.