Essex Financial Services Inc. Purchases 22,992 Shares of Putnam Focused Large Cap Value ETF $PVAL

Essex Financial Services Inc. boosted its position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 29.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,948 shares of the company’s stock after acquiring an additional 22,992 shares during the period. Essex Financial Services Inc. owned 0.09% of Putnam Focused Large Cap Value ETF worth $4,270,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its holdings in shares of Putnam Focused Large Cap Value ETF by 135.4% during the third quarter. Cullen Frost Bankers Inc. now owns 5,843,370 shares of the company’s stock worth $249,629,000 after purchasing an additional 3,360,792 shares during the period. Envestnet Asset Management Inc. raised its position in Putnam Focused Large Cap Value ETF by 266.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,916,963 shares of the company’s stock valued at $167,333,000 after purchasing an additional 2,847,566 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Putnam Focused Large Cap Value ETF by 106.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,904 shares of the company’s stock worth $143,456,000 after buying an additional 1,841,717 shares during the period. Bank of America Corp DE grew its position in shares of Putnam Focused Large Cap Value ETF by 19.6% in the 2nd quarter. Bank of America Corp DE now owns 10,182,895 shares of the company’s stock worth $409,658,000 after buying an additional 1,669,903 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Putnam Focused Large Cap Value ETF by 27.1% during the second quarter. Cetera Investment Advisers now owns 3,552,531 shares of the company’s stock valued at $142,918,000 after buying an additional 758,283 shares during the period.

Putnam Focused Large Cap Value ETF Stock Up 0.1%

Shares of PVAL stock opened at $48.40 on Wednesday. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The stock has a fifty day moving average of $46.83 and a 200 day moving average of $44.11. Putnam Focused Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $49.13.

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 paid 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.