Embree Financial Group Increases Stock Holdings in Putnam Focused Large Cap Value ETF $PVAL

Embree Financial Group increased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 21.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 337,583 shares of the company’s stock after acquiring an additional 60,581 shares during the period. Putnam Focused Large Cap Value ETF makes up about 1.9% of Embree Financial Group’s holdings, making the stock its 13th largest holding. Embree Financial Group’s holdings in Putnam Focused Large Cap Value ETF were worth $14,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. M&T Bank Corp acquired a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth about $3,900,000. Rollins Financial Advisors LLC boosted its stake in Putnam Focused Large Cap Value ETF by 69.2% during the second quarter. Rollins Financial Advisors LLC now owns 94,388 shares of the company’s stock worth $3,797,000 after buying an additional 38,605 shares during the period. Commonwealth Equity Services LLC boosted its stake in Putnam Focused Large Cap Value ETF by 16.1% during the second quarter. Commonwealth Equity Services LLC now owns 4,356,644 shares of the company’s stock worth $175,268,000 after buying an additional 605,693 shares during the period. IVC Wealth Advisors LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 48.1% during the second quarter. IVC Wealth Advisors LLC now owns 270,420 shares of the company’s stock valued at $10,879,000 after acquiring an additional 87,824 shares during the last quarter. Finally, CW Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the 1st quarter valued at approximately $476,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $45.28 on Friday. The firm has a market cap of $5.16 billion, a P/E ratio of 17.86 and a beta of 0.88. The firm’s 50 day moving average price is $43.75 and its 200-day moving average price is $41.97. 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 declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, October 6th were paid a dividend of $0.1029 per share. This represents a $0.41 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, October 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.