Cullen Frost Bankers Inc. Has $249.63 Million Stock Position in Putnam Focused Large Cap Value ETF $PVAL

Cullen Frost Bankers Inc. lifted its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 135.4% during the third quarter, Holdings Channel.com reports. The firm owned 5,843,370 shares of the company’s stock after purchasing an additional 3,360,792 shares during the period. Putnam Focused Large Cap Value ETF accounts for 2.9% of Cullen Frost Bankers Inc.’s holdings, making the stock its 5th biggest position. Cullen Frost Bankers Inc. owned approximately 0.05% of Putnam Focused Large Cap Value ETF worth $249,629,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brown Advisory Inc. grew its position in Putnam Focused Large Cap Value ETF by 2.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,602 shares of the company’s stock valued at $507,000 after purchasing an additional 300 shares during the period. Cox Capital Mgt LLC lifted its stake in shares of Putnam Focused Large Cap Value ETF by 3.4% in the third quarter. Cox Capital Mgt LLC now owns 22,828 shares of the company’s stock valued at $975,000 after buying an additional 749 shares in the last quarter. WESPAC Advisors LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 10.6% during the second quarter. WESPAC Advisors LLC now owns 8,250 shares of the company’s stock valued at $332,000 after buying an additional 789 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of Putnam Focused Large Cap Value ETF by 5.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 18,400 shares of the company’s stock valued at $786,000 after buying an additional 871 shares during the last quarter. Finally, ERn Financial LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 0.8% during the third quarter. ERn Financial LLC now owns 131,875 shares of the company’s stock worth $5,634,000 after acquiring an additional 987 shares in the last quarter.

Putnam Focused Large Cap Value ETF Price Performance

PVAL opened at $46.71 on Friday. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $47.14. The firm has a market capitalization of $7.48 billion, a PE ratio of 17.86 and a beta of 0.88. The company’s 50-day moving average is $45.45 and its 200 day moving average is $43.22.

Putnam Focused Large Cap Value ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were issued a $0.1124 dividend. The ex-dividend date was Friday, December 19th.

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.