StoneCrest Wealth Management Inc. Invests $6.23 Million in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

StoneCrest Wealth Management Inc. acquired a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 164,233 shares of the company’s stock, valued at approximately $6,231,000. Putnam Focused Large Cap Value ETF makes up approximately 4.5% of StoneCrest Wealth Management Inc.’s investment portfolio, making the stock its 4th largest holding. StoneCrest Wealth Management Inc. owned approximately 1.09% of Putnam Focused Large Cap Value ETF as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PVAL. Opal Wealth Advisors LLC purchased a new position in Putnam Focused Large Cap Value ETF in the first quarter valued at about $37,764,000. Cetera Investment Advisers raised its holdings in shares of Putnam Focused Large Cap Value ETF by 636.3% during the 1st quarter. Cetera Investment Advisers now owns 689,454 shares of the company’s stock valued at $24,634,000 after buying an additional 595,811 shares during the period. Commonwealth Equity Services LLC lifted its position in Putnam Focused Large Cap Value ETF by 147.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 975,444 shares of the company’s stock worth $35,409,000 after acquiring an additional 580,866 shares in the last quarter. GGM Financials LLC purchased a new position in Putnam Focused Large Cap Value ETF in the 2nd quarter worth approximately $14,259,000. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in Putnam Focused Large Cap Value ETF in the second quarter valued at approximately $7,899,000.

Putnam Focused Large Cap Value ETF Stock Down 0.1 %

PVAL opened at $37.84 on Wednesday. The firm’s 50 day moving average is $37.00 and its 200-day moving average is $36.29. Putnam Focused Large Cap Value ETF has a 52-week low of $27.68 and a 52-week high of $38.13. The firm has a market capitalization of $569.49 million, a P/E ratio of 16.48 and a beta of 0.82.

Putnam Focused Large Cap Value ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 10th. Investors 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.