New England Private Wealth Advisors LLC Reduces Stake in Putnam Focused Large Cap Value ETF $PVAL

New England Private Wealth Advisors LLC cut its position in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 15.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,434 shares of the company’s stock after selling 22,856 shares during the quarter. New England Private Wealth Advisors LLC owned 0.11% of Putnam Focused Large Cap Value ETF worth $5,316,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. M&T Bank Corp acquired a new position in Putnam Focused Large Cap Value ETF during the second quarter worth about $3,900,000. Prostatis Group LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter valued at about $3,727,000. Cullen Frost Bankers Inc. grew its position in shares of Putnam Focused Large Cap Value ETF by 135.4% in the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after purchasing an additional 3,360,792 shares during the last quarter. Trademark Financial Management LLC grew its position in shares of Putnam Focused Large Cap Value ETF by 429.2% in the third quarter. Trademark Financial Management LLC now owns 143,929 shares of the company’s stock valued at $6,149,000 after purchasing an additional 116,730 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new position in shares of Putnam Focused Large Cap Value ETF during the 3rd quarter worth approximately $748,000.

Putnam Focused Large Cap Value ETF Price Performance

Shares of Putnam Focused Large Cap Value ETF stock opened at $46.56 on Monday. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $49.13. The company has a market capitalization of $7.64 billion, a P/E ratio of 17.86 and a beta of 0.88. The business has a 50 day moving average price of $47.47 and a 200 day moving average price of $44.78.

Putnam Focused Large Cap Value ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were given a dividend of $0.1124 per share. The ex-dividend date of this dividend 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.