Commonwealth Equity Services LLC Has $175.27 Million Holdings in Putnam Focused Large Cap Value ETF $PVAL

Commonwealth Equity Services LLC raised its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 16.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,356,644 shares of the company’s stock after acquiring an additional 605,693 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $175,268,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PVAL. World Investment Advisors increased its holdings in shares of Putnam Focused Large Cap Value ETF by 88.5% during the 1st quarter. World Investment Advisors now owns 12,207 shares of the company’s stock valued at $465,000 after acquiring an additional 5,731 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Putnam Focused Large Cap Value ETF by 11.5% during the first quarter. Bank of New York Mellon Corp now owns 73,278 shares of the company’s stock worth $2,790,000 after purchasing an additional 7,585 shares during the period. Envestnet Asset Management Inc. boosted 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 worth $39,762,000 after purchasing an additional 609,468 shares during the period. Brown Advisory Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the first quarter worth approximately $468,000. Finally, Allworth Financial LP lifted its stake in shares of Putnam Focused Large Cap Value ETF by 11.2% in the first quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $109,000 after buying an additional 300 shares during the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.8%

Shares of Putnam Focused Large Cap Value ETF stock opened at $43.28 on Thursday. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $43.59. The firm has a fifty day simple moving average of $42.55 and a 200-day simple moving average of $40.54.

Putnam Focused Large Cap Value ETF Cuts Dividend

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