New England Private Wealth Advisors LLC Increases Position in Putnam Focused Large Cap Value ETF $PVAL

New England Private Wealth Advisors LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 3.4% during the second quarter, HoldingsChannel.com reports. The firm owned 147,290 shares of the company’s stock after purchasing an additional 4,870 shares during the period. New England Private Wealth Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $6,008,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Putnam Focused Large Cap Value ETF by 11.5% during the 1st quarter. Bank of New York Mellon Corp now owns 73,278 shares of the company’s stock worth $2,790,000 after buying an additional 7,585 shares during the period. Envestnet Asset Management Inc. grew its stake in Putnam Focused Large Cap Value ETF by 140.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,044,169 shares of the company’s stock valued at $39,762,000 after acquiring an additional 609,468 shares during the period. Brown Advisory Inc. purchased a new stake in Putnam Focused Large Cap Value ETF in the 1st quarter worth $468,000. Allworth Financial LP raised its position in Putnam Focused Large Cap Value ETF by 11.2% during the first quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $109,000 after acquiring an additional 300 shares during the period. Finally, Stephens Inc. AR lifted its holdings in Putnam Focused Large Cap Value ETF by 2.5% during the first quarter. Stephens Inc. AR now owns 12,070 shares of the company’s stock valued at $460,000 after purchasing an additional 292 shares in the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.8%

Shares of NYSEARCA PVAL opened at $43.84 on Tuesday. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The company’s 50-day simple moving average is $42.64 and its 200-day simple moving average is $40.74. Putnam Focused Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $43.90.

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 paid a dividend of $0.1029 per share. This represents a $0.41 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, October 6th.

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.