Putnam Focused Large Cap Value ETF $PVAL Stock Position Boosted by Horizon Family Wealth Inc.

Horizon Family Wealth Inc. raised its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 19.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 91,382 shares of the company’s stock after buying an additional 14,659 shares during the period. Putnam Focused Large Cap Value ETF comprises approximately 2.2% of Horizon Family Wealth Inc.’s holdings, making the stock its 12th largest position. Horizon Family Wealth Inc.’s holdings in Putnam Focused Large Cap Value ETF were worth $3,904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at approximately $63,000. Rothschild Investment LLC bought a new stake in Putnam Focused Large Cap Value ETF during the second quarter worth approximately $67,000. Franklin Resources Inc. acquired a new stake in Putnam Focused Large Cap Value ETF in the second quarter worth approximately $94,000. CoreCap Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF in the third quarter worth approximately $123,000. Finally, Rockbridge Investment Management LCC bought a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter valued at $211,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $48.67 on Thursday. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $49.13. The business’s fifty day moving average is $46.89 and its 200-day moving average is $44.14. The stock has a market cap of $7.99 billion, a PE ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

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