Bank of New York Mellon Corp Purchases Shares of 32,012 Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Bank of New York Mellon Corp acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,012 shares of the company’s stock, valued at approximately $1,162,000. Bank of New York Mellon Corp owned approximately 0.21% of Putnam Focused Large Cap Value ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PVAL. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter valued at $272,000. Dynamic Advisor Solutions LLC purchased a new stake in Putnam Focused Large Cap Value ETF during the second quarter valued at about $320,000. Sentinel Pension Advisors Inc. increased its stake in Putnam Focused Large Cap Value ETF by 19.0% during the first quarter. Sentinel Pension Advisors Inc. now owns 19,561 shares of the company’s stock worth $699,000 after acquiring an additional 3,129 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF in the 4th quarter worth about $681,000. Finally, StoneX Group Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the 1st quarter valued at about $799,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of NYSEARCA:PVAL opened at $37.80 on Friday. The stock has a 50-day simple moving average of $36.81 and a 200-day simple moving average of $35.98. The stock has a market capitalization of $568.89 million, a P/E ratio of 16.48 and a beta of 0.82. Putnam Focused Large Cap Value ETF has a 1 year low of $27.68 and a 1 year high of $38.00.

Putnam Focused Large Cap Value ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, September 6th were paid a dividend of $0.121 per share. The ex-dividend date was Friday, September 6th.

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.