Prosperity Financial Group Inc. Has $6.54 Million Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Prosperity Financial Group Inc. boosted its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,510 shares of the company’s stock after purchasing an additional 12,365 shares during the quarter. Putnam Focused Large Cap Value ETF comprises 2.8% of Prosperity Financial Group Inc.’s holdings, making the stock its 5th largest holding. Prosperity Financial Group Inc. owned 0.18% of Putnam Focused Large Cap Value ETF worth $6,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PVAL. Cambridge Investment Research Advisors Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF by 23.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 280,109 shares of the company’s stock valued at $10,667,000 after buying an additional 53,768 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in shares of Putnam Focused Large Cap Value ETF during the 1st quarter worth approximately $302,000. Sovran Advisors LLC lifted its position in Putnam Focused Large Cap Value ETF by 15.1% during the first quarter. Sovran Advisors LLC now owns 126,964 shares of the company’s stock valued at $4,496,000 after acquiring an additional 16,616 shares during the last quarter. Essex Financial Services Inc. boosted its stake in Putnam Focused Large Cap Value ETF by 123.7% in the first quarter. Essex Financial Services Inc. now owns 62,969 shares of the company’s stock valued at $2,398,000 after acquiring an additional 34,818 shares in the last quarter. Finally, Trademark Financial Management LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the first quarter valued at approximately $870,000.

Putnam Focused Large Cap Value ETF Trading Up 0.0%

Shares of PVAL opened at $42.95 on Thursday. The firm 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 has a 12 month low of $32.83 and a 12 month high of $43.12. The stock has a fifty day moving average price of $42.20 and a 200-day moving average price of $39.91.

Putnam Focused Large Cap Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, October 6th were issued a $0.1029 dividend. This represents a $0.41 annualized dividend and a 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.