Cetera Investment Advisers Buys 342,418 Shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Cetera Investment Advisers raised its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 49.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,031,872 shares of the company’s stock after acquiring an additional 342,418 shares during the period. Cetera Investment Advisers owned about 6.86% of Putnam Focused Large Cap Value ETF worth $37,457,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PVAL. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at $40,000. Clear Point Advisors Inc. bought a new stake in Putnam Focused Large Cap Value ETF in the second quarter valued at about $61,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Putnam Focused Large Cap Value ETF in the second quarter worth about $272,000. Dynamic Advisor Solutions LLC bought a new position in Putnam Focused Large Cap Value ETF during the second quarter worth about $320,000. Finally, Sentinel Pension Advisors Inc. boosted its holdings 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 valued at $699,000 after purchasing an additional 3,129 shares in the last quarter.

Putnam Focused Large Cap Value ETF Trading Up 0.0 %

PVAL stock opened at $37.95 on Wednesday. The firm has a market cap of $571.15 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 $38.07. The business’s 50 day moving average is $36.90 and its 200-day moving average is $36.17.

Putnam Focused Large Cap Value ETF Announces Dividend

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