Putnam Focused Large Cap Value ETF $PVAL Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 173,629 shares of the company’s stock after purchasing an additional 20,634 shares during the period. PNC Financial Services Group Inc. owned 0.15% of Putnam Focused Large Cap Value ETF worth $7,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Putnam Focused Large Cap Value ETF by 14.7% during the 1st quarter. Royal Bank of Canada now owns 73,471 shares of the company’s stock worth $2,798,000 after buying an additional 9,442 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the first quarter worth approximately $2,380,000. Stephens Inc. AR boosted its stake in shares of Putnam Focused Large Cap Value ETF by 42.6% in the second quarter. Stephens Inc. AR now owns 17,214 shares of the company’s stock worth $693,000 after acquiring an additional 5,144 shares during the last quarter. Patten Group Inc. increased its position in shares of Putnam Focused Large Cap Value ETF by 18.2% during the second quarter. Patten Group Inc. now owns 20,082 shares of the company’s stock worth $808,000 after purchasing an additional 3,086 shares in the last quarter. Finally, Prosperity Financial Group Inc. raised its stake in Putnam Focused Large Cap Value ETF by 8.2% in the 2nd quarter. Prosperity Financial Group Inc. now owns 162,510 shares of the company’s stock valued at $6,538,000 after purchasing an additional 12,365 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $48.38 on Friday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $49.13. The stock’s fifty day moving average is $46.95 and its two-hundred day moving average is $44.17. The firm has a market capitalization of $7.94 billion, a P/E ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were given 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.