Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) Sees Unusually-High Trading Volume – Here’s What Happened

Putnam Focused Large Cap Value ETF (NYSEARCA:PVALGet Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 9,848,402 shares changed hands during mid-day trading, an increase of 1,167% from the previous session’s volume of 777,571 shares.The stock last traded at $43.1110 and had previously closed at $42.94.

Putnam Focused Large Cap Value ETF Trading Up 0.8%

The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The company has a fifty day moving average price of $42.57 and a two-hundred day moving average price of $40.56.

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

Institutional Trading of Putnam Focused Large Cap Value ETF

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp acquired a new position in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter worth approximately $63,000. Rothschild Investment LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at $67,000. Franklin Resources Inc. purchased a new position in Putnam Focused Large Cap Value ETF in the second quarter valued at about $94,000. Northwest Capital Management Inc acquired a new stake in Putnam Focused Large Cap Value ETF in the first quarter valued at $102,000. Finally, CoreCap Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the third quarter valued at approximately $123,000.

About Putnam Focused Large Cap Value ETF

(Get Free Report)

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.

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