Corient Private Wealth LLC Has $20.99 Million Holdings in Putnam Focused Large Cap Value ETF $PVAL

Corient Private Wealth LLC boosted its stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 534.5% in the second quarter, HoldingsChannel.com reports. The firm owned 521,618 shares of the company’s stock after buying an additional 439,407 shares during the period. Corient Private Wealth LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $20,985,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $15,947,000. Geneos Wealth Management Inc. increased its stake in shares of Putnam Focused Large Cap Value ETF by 394.4% in the second quarter. Geneos Wealth Management Inc. now owns 716,366 shares of the company’s stock valued at $28,819,000 after buying an additional 571,471 shares during the period. MML Investors Services LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 1,525.4% during the second quarter. MML Investors Services LLC now owns 315,303 shares of the company’s stock worth $12,685,000 after acquiring an additional 295,905 shares during the last quarter. Modern Wealth Management LLC raised its position in shares of Putnam Focused Large Cap Value ETF by 22.6% during the second quarter. Modern Wealth Management LLC now owns 626,946 shares of the company’s stock worth $25,222,000 after acquiring an additional 115,426 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of Putnam Focused Large Cap Value ETF by 26.6% in the second quarter. Benjamin Edwards Inc. now owns 26,200 shares of the company’s stock worth $1,054,000 after acquiring an additional 5,500 shares during the period.

Putnam Focused Large Cap Value ETF Price Performance

Shares of PVAL stock opened at $45.17 on Thursday. The stock has a market capitalization of $5.15 billion, a PE ratio of 17.86 and a beta of 0.88. The business’s 50 day simple moving average is $43.69 and its 200 day simple moving average is $41.95. Putnam Focused Large Cap Value ETF has a one year low of $32.83 and a one year high of $45.86.

Putnam Focused Large Cap Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, October 6th were paid a $0.1029 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, October 6th.

Putnam Focused Large Cap Value ETF Company 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.