City Center Advisors LLC Buys New Stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

City Center Advisors LLC bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 6,528 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds have also recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in Putnam Focused Large Cap Value ETF during the 1st quarter worth $37,764,000. AdvisorNet Financial Inc boosted its stake in Putnam Focused Large Cap Value ETF by 37.9% during the 1st quarter. AdvisorNet Financial Inc now owns 59,160 shares of the company’s stock worth $2,114,000 after purchasing an additional 16,267 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Putnam Focused Large Cap Value ETF by 1.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 28,513 shares of the company’s stock worth $1,019,000 after purchasing an additional 544 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Putnam Focused Large Cap Value ETF by 1.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 578,181 shares of the company’s stock worth $20,658,000 after purchasing an additional 6,338 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in Putnam Focused Large Cap Value ETF by 29.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 394,578 shares of the company’s stock worth $14,098,000 after purchasing an additional 90,037 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Shares of NYSEARCA:PVAL opened at $37.84 on Wednesday. The stock has a market cap of $569.49 million, a P/E ratio of 16.48 and a beta of 0.82. The firm has a fifty day moving average price of $36.99 and a 200 day moving average price of $36.27. Putnam Focused Large Cap Value ETF has a 1-year low of $27.68 and a 1-year high of $38.13.

Putnam Focused Large Cap Value ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, September 6th were paid a $0.121 dividend. The ex-dividend date of this dividend 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.