Modern Wealth Management LLC Has $51.12 Million Stake in Putnam Focused Large Cap Value ETF $PVAL

Modern Wealth Management LLC grew its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 93.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,196,507 shares of the company’s stock after purchasing an additional 578,599 shares during the quarter. Putnam Focused Large Cap Value ETF comprises 1.0% of Modern Wealth Management LLC’s portfolio, making the stock its 20th biggest holding. Modern Wealth Management LLC’s holdings in Putnam Focused Large Cap Value ETF were worth $51,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PVAL. Per Stirling Capital Management LLC. increased its stake in Putnam Focused Large Cap Value ETF by 4.5% in the third quarter. Per Stirling Capital Management LLC. now owns 136,826 shares of the company’s stock valued at $5,845,000 after acquiring an additional 5,940 shares during the last quarter. Trustmark Bank Trust Department lifted its stake in Putnam Focused Large Cap Value ETF by 3.2% during the third quarter. Trustmark Bank Trust Department now owns 32,448 shares of the company’s stock worth $1,386,000 after purchasing an additional 1,000 shares during the last quarter. Smith Moore & CO. boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 30.3% in the 3rd quarter. Smith Moore & CO. now owns 8,610 shares of the company’s stock valued at $368,000 after purchasing an additional 2,004 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 3.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 599,503 shares of the company’s stock valued at $25,611,000 after purchasing an additional 20,689 shares in the last quarter. Finally, Integrated Advisors Network LLC increased its stake in shares of Putnam Focused Large Cap Value ETF by 12.3% in the 3rd quarter. Integrated Advisors Network LLC now owns 156,832 shares of the company’s stock valued at $6,700,000 after purchasing an additional 17,157 shares during the last quarter.

Putnam Focused Large Cap Value ETF Stock Performance

Putnam Focused Large Cap Value ETF stock opened at $46.56 on Friday. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $49.13. The stock has a market capitalization of $7.64 billion, a P/E ratio of 17.86 and a beta of 0.88. The stock has a fifty day moving average of $47.47 and a 200-day moving average of $44.73.

Putnam Focused Large Cap Value ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were given 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.