Fifth Third Securities Inc. Takes $725,000 Position in Putnam Focused Large Cap Value ETF $PVAL

Fifth Third Securities Inc. acquired a new position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,980 shares of the company’s stock, valued at approximately $725,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brown Advisory Inc. grew its stake in shares of Putnam Focused Large Cap Value ETF by 2.4% during the second quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock worth $507,000 after buying an additional 300 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF by 6.6% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 10,028 shares of the company’s stock valued at $403,000 after acquiring an additional 620 shares during the last quarter. Cox Capital Mgt LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 3.4% during the 3rd quarter. Cox Capital Mgt LLC now owns 22,828 shares of the company’s stock valued at $975,000 after acquiring an additional 749 shares in the last quarter. WESPAC Advisors LLC grew its position in Putnam Focused Large Cap Value ETF by 10.6% during the 2nd quarter. WESPAC Advisors LLC now owns 8,250 shares of the company’s stock worth $332,000 after acquiring an additional 789 shares during the last quarter. Finally, Per Stirling Capital Management LLC. grew its position in Putnam Focused Large Cap Value ETF by 0.7% during the 1st quarter. Per Stirling Capital Management LLC. now owns 126,859 shares of the company’s stock worth $4,831,000 after acquiring an additional 836 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Up 0.4%

Shares of PVAL opened at $45.47 on Monday. The stock has a market cap of $5.18 billion, a PE ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a 12-month low of $32.83 and a 12-month high of $45.86. The business has a 50-day simple moving average of $43.83 and a two-hundred day simple moving average of $42.07.

Putnam Focused Large Cap Value ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 23rd. Investors of record on Friday, December 19th will be issued a $0.1124 dividend. The ex-dividend date is Friday, December 19th.

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.