Modern Wealth Management LLC Purchases 393,976 Shares of Putnam Focused Large Cap Value ETF $PVAL

Modern Wealth Management LLC boosted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 335.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,520 shares of the company’s stock after acquiring an additional 393,976 shares during the quarter. Modern Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $19,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PVAL. Comerica Bank raised its position in Putnam Focused Large Cap Value ETF by 5.0% during the fourth quarter. Comerica Bank now owns 5,509 shares of the company’s stock worth $204,000 after acquiring an additional 260 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth $864,000. Waverly Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth $383,000. BridgePort Financial Solutions LLC bought a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth $7,439,000. Finally, Keystone Financial Services LLC bought a new stake in Putnam Focused Large Cap Value ETF during the fourth quarter worth $11,282,000.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA:PVAL opened at $42.42 on Friday. Putnam Focused Large Cap Value ETF has a one year low of $32.83 and a one year high of $42.47. The company has a market cap of $3.91 billion, a P/E ratio of 17.86 and a beta of 0.89. The firm’s fifty day moving average price is $41.15 and its two-hundred day moving average price is $38.96.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, July 7th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, July 7th.

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.