Towneley Capital Management Inc DE Invests $18.20 Million in Putnam Focused Large Cap Value ETF $PVAL

Towneley Capital Management Inc DE bought a new stake in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) during the third quarter, HoldingsChannel reports. The firm bought 426,103 shares of the company’s stock, valued at approximately $18,203,000. Putnam Focused Large Cap Value ETF comprises about 4.0% of Towneley Capital Management Inc DE’s holdings, making the stock its 8th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of PVAL. Rothschild Investment LLC acquired a new position in Putnam Focused Large Cap Value ETF during the second quarter valued at approximately $67,000. Franklin Resources Inc. bought a new stake in shares of Putnam Focused Large Cap Value ETF during the 2nd quarter worth approximately $94,000. Ameritas Advisory Services LLC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at approximately $121,000. Rockbridge Investment Management LCC acquired a new stake in shares of Putnam Focused Large Cap Value ETF in the 2nd quarter valued at approximately $211,000. Finally, JGP Wealth Management LLC bought a new position in shares of Putnam Focused Large Cap Value ETF in the second quarter valued at $228,000.

Putnam Focused Large Cap Value ETF Trading Up 0.1%

NYSEARCA PVAL opened at $46.16 on Monday. The firm’s fifty day moving average price is $44.19 and its two-hundred day moving average price is $42.31. Putnam Focused Large Cap Value ETF has a 1 year low of $32.83 and a 1 year high of $46.21. The firm has a market capitalization of $5.26 billion, a P/E ratio of 17.86 and a beta of 0.88.

Putnam Focused Large Cap Value ETF Dividend Announcement

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