Truist Financial Corp Increases Position in Putnam Focused Large Cap Value ETF $PVAL

Truist Financial Corp increased its holdings in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 411.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 477,775 shares of the company’s stock after purchasing an additional 384,322 shares during the quarter. Truist Financial Corp’s holdings in Putnam Focused Large Cap Value ETF were worth $20,411,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Belpointe Asset Management LLC increased its position in shares of Putnam Focused Large Cap Value ETF by 45.1% in the third quarter. Belpointe Asset Management LLC now owns 35,259 shares of the company’s stock valued at $1,506,000 after buying an additional 10,967 shares in the last quarter. Sovran Advisors LLC grew its stake in Putnam Focused Large Cap Value ETF by 18.6% in the 3rd quarter. Sovran Advisors LLC now owns 126,342 shares of the company’s stock valued at $5,445,000 after acquiring an additional 19,818 shares during the period. Cullen Frost Bankers Inc. grew its stake in Putnam Focused Large Cap Value ETF by 135.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock valued at $249,629,000 after acquiring an additional 3,360,792 shares during the period. Castle Wealth Management LLC grew its stake in Putnam Focused Large Cap Value ETF by 0.5% in the 3rd quarter. Castle Wealth Management LLC now owns 210,229 shares of the company’s stock valued at $8,981,000 after acquiring an additional 1,058 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Putnam Focused Large Cap Value ETF in the 3rd quarter worth $228,000.

Putnam Focused Large Cap Value ETF Stock Performance

NYSEARCA:PVAL opened at $47.32 on Friday. The stock has a market capitalization of $7.68 billion, a PE ratio of 17.86 and a beta of 0.88. Putnam Focused Large Cap Value ETF has a fifty-two week low of $32.83 and a fifty-two week high of $47.76. The company has a fifty day moving average of $45.86 and a two-hundred day moving average of $43.43.

Putnam Focused Large Cap Value ETF Announces Dividend

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