Patten Group Inc. Boosts Holdings in Putnam Focused Large Cap Value ETF $PVAL

Patten Group Inc. lifted its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 18.2% during the second quarter, Holdings Channel reports. The institutional investor owned 20,082 shares of the company’s stock after purchasing an additional 3,086 shares during the quarter. Patten Group Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $808,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwest Capital Management Inc acquired a new stake in Putnam Focused Large Cap Value ETF in the first quarter valued at $102,000. Allworth Financial LP increased its holdings in shares of Putnam Focused Large Cap Value ETF by 11.2% in the 1st quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock valued at $109,000 after purchasing an additional 300 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at about $121,000. JGP Wealth Management LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the second quarter worth about $228,000. Finally, Comerica Bank boosted its holdings in Putnam Focused Large Cap Value ETF by 15.3% during the first quarter. Comerica Bank now owns 6,350 shares of the company’s stock worth $242,000 after buying an additional 841 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.0%

Shares of Putnam Focused Large Cap Value ETF stock opened at $42.95 on Thursday. The company has a 50-day moving average of $42.20 and a two-hundred day moving average of $39.91. Putnam Focused Large Cap Value ETF has a 12-month low of $32.83 and a 12-month high of $43.12. The stock has a market cap of $4.78 billion, a PE ratio of 17.86 and a beta of 0.89.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Monday, October 6th were issued a dividend of $0.1029 per share. The ex-dividend date of this dividend was Monday, October 6th. This represents a $0.41 annualized dividend and a 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.