Nvest Financial LLC Cuts Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Nvest Financial LLC lessened its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 7.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,775 shares of the company’s stock after selling 729 shares during the period. Nvest Financial LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $353,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Harbour Investments Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF by 39.0% in the 2nd quarter. Harbour Investments Inc. now owns 107,854 shares of the company’s stock valued at $4,339,000 after acquiring an additional 30,267 shares during the period. JGP Wealth Management LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $228,000. RFG Advisory LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at $11,294,000. Northwest Capital Management Inc raised its stake in shares of Putnam Focused Large Cap Value ETF by 309.2% in the 2nd quarter. Northwest Capital Management Inc now owns 10,931 shares of the company’s stock valued at $440,000 after acquiring an additional 8,260 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in shares of Putnam Focused Large Cap Value ETF by 56.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 12,197 shares of the company’s stock valued at $491,000 after acquiring an additional 4,407 shares during the period.

Putnam Focused Large Cap Value ETF Trading Up 0.6%

Shares of PVAL stock opened at $42.82 on Thursday. The company’s fifty day simple moving average is $42.00 and its 200-day simple moving average is $39.71. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $43.12. The company has a market cap of $4.72 billion, a PE ratio of 17.86 and a beta of 0.89.

Putnam Focused Large Cap Value ETF Cuts Dividend

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