WESPAC Advisors LLC Grows Stock Holdings in Putnam Focused Large Cap Value ETF $PVAL

WESPAC Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 10.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,250 shares of the company’s stock after purchasing an additional 789 shares during the period. WESPAC Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $332,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PVAL. Northwest Capital Management Inc purchased a new position in shares of Putnam Focused Large Cap Value ETF during the first quarter valued at approximately $102,000. Allworth Financial LP lifted its holdings in shares of 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 valued at $109,000 after purchasing an additional 300 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter valued at approximately $121,000. Comerica Bank lifted its holdings in shares of Putnam Focused Large Cap Value ETF by 15.3% during the first quarter. Comerica Bank now owns 6,350 shares of the company’s stock valued at $242,000 after purchasing an additional 841 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the first quarter valued at approximately $260,000.

Putnam Focused Large Cap Value ETF Stock Down 0.4%

Shares of NYSEARCA PVAL opened at $42.73 on Wednesday. Putnam Focused Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $43.12. The firm has a market cap of $4.61 billion, a P/E ratio of 17.86 and a beta of 0.89. The company has a 50 day moving average of $41.77 and a 200 day moving average of $39.55.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, October 6th will be issued a $0.1029 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is 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.