Sovran Advisors LLC Has $5.45 Million Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Sovran Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 18.6% during the third quarter, Holdings Channel reports. The firm owned 126,342 shares of the company’s stock after purchasing an additional 19,818 shares during the period. Sovran Advisors LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $5,445,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. increased its position in Putnam Focused Large Cap Value ETF by 135.4% during the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after buying an additional 3,360,792 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Putnam Focused Large Cap Value ETF by 106.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,904 shares of the company’s stock valued at $143,456,000 after purchasing an additional 1,841,717 shares during the period. Bank of America Corp DE increased its stake in shares of Putnam Focused Large Cap Value ETF by 19.6% in the second quarter. Bank of America Corp DE now owns 10,182,895 shares of the company’s stock worth $409,658,000 after purchasing an additional 1,669,903 shares during the period. Cetera Investment Advisers grew its holdings in Putnam Focused Large Cap Value ETF by 27.1% in the 2nd quarter. Cetera Investment Advisers now owns 3,552,531 shares of the company’s stock valued at $142,918,000 after buying an additional 758,283 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Putnam Focused Large Cap Value ETF during the second quarter worth approximately $30,245,000.

Putnam Focused Large Cap Value ETF Price Performance

NYSEARCA:PVAL opened at $46.71 on Monday. Putnam Focused Large Cap Value ETF has a one year low of $32.83 and a one year high of $47.14. The company has a fifty day moving average price of $45.45 and a 200 day moving average price of $43.24. The stock has a market cap of $7.48 billion, a P/E ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were paid a dividend of $0.1124 per share. The ex-dividend date was Friday, December 19th.

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.